Question

8000 for 1year at 9% per annum compound half yearly ​

Answer 1

Answer:

Principal P = Rs 8000Rate of interest = 9% per annum or 9/2 % per half year Number of years = 1 year . There will be 2 half years in 1 year . A = p 1 + R/100n= Rs [800 1 + 9/2002]= Rs [8000 209/2002] = Rs 8000 x 209/200 x 209/200 = Rs 8736.20C.I. = A − P = Rs 8736.20 − Rs 8000 = Rs 736.20