Question

A shopkeeper invest rupees 10000 for 1 year and 6 months at 8% per annum if the interest is being paid after every 6 months find the compound interest​

Answer 1

Answer:

p(1+i/100)n

10000(1+8/100)6

10000(100+8/100)6

10000×(108/100)6

10000×1.59

15900