8000 for 1 years at 9% per annum compounded half yearly
Answers
Answered by
4
interest= P*R*T
---------
100
interest=8000*1*9
-------------
100
interest=8000*9
-----------
100
interest=72000
----------
100
interest= 720
hope my answer help you
---------
100
interest=8000*1*9
-------------
100
interest=8000*9
-----------
100
interest=72000
----------
100
interest= 720
hope my answer help you
Answered by
23
Given
Principle = Rs 8000
time = 1-year
rate of interest = 9%
Amount = principle (1 + rate of interest/100)^time
Amount = 8000(1 + 9/100)^1
= 8000(109/100)
= Rs 8720.
Compound Interest = Amount - principle
= 8720 - 8000
= Rs 720
The C.I is Rs 720 and amount is Rs 8720.
Hope my answer helps you.
Principle = Rs 8000
time = 1-year
rate of interest = 9%
Amount = principle (1 + rate of interest/100)^time
Amount = 8000(1 + 9/100)^1
= 8000(109/100)
= Rs 8720.
Compound Interest = Amount - principle
= 8720 - 8000
= Rs 720
The C.I is Rs 720 and amount is Rs 8720.
Hope my answer helps you.
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