Question

A man borrowed rs.8000 from 8% per annum find the amount he has to pay after 4half/year find compound interest​

Answer 1

$\red{\textbf{Answer = }}$

Step-by-step explanation:

$\red{\textbf{Given :-}}$

$\textsf{ p = 8000}$

$\textsf{R = 8}$

$\red{\textbf{To find :-}}$

$\textsf{compound interest}$

$\textsf{According to the question ,}$

$SI= \Large\frac{P∗R∗T}{100}$

$= \Large\frac{8000∗8∗(9/2)}{100}$

$=Rs.2880$

$Amount=8000+2880$

$= Rs.10880$

$Interest =Rs.5000$

$Amount=Rs.10880$

$\red{\textbf{More information :-}}$

• $\textsf{compound interest =}$

$\Large A = P \LARGE(1 + \frac{r}{n} {)}^{nt}$

• A = final amount
• P = initial principal balance
• r = interest rate
• n = number of times interest applied per time period
• t = number of time periods elapsed