Math, asked by jasika5778, 1 year ago

8000 for 1 years at 9percant per annum compounded half yearly

Answers

Answered by saimshere
1

Answer:

8736.2

Step-by-step explanation:

P = 8000, n= 1 , r= 9%

Formula:

S= P(1+r)whole power n

putting values.

= 8000[1+0.09/2]whole power 2

= 8763.2 ( after calculations )

illustrations:

since the interest rate is half yearly means every six months, so,

Rate =9%/2  = 4.5%

Also,

Time multiply by 2 we get 2x1 = 2 ( in 1 years, we get 2 times 6 months.)

Hope this answer the question.

Answered by Anonymous
1

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Refer the attachment.

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