Question

Calculate the amount and compound interest on ₹ 8,000 for 1 year at 9% per annum compounded half yearly. (You could use the year by year calculation using SI formula to verify). IN STEPS PLEASE.

Answer 1

Step-by-step explanation:

P = 8000, Time = 2 half years, R = 9% = 9/2

We know,

A = P(1 + r/100)ⁿ

  = 8000(1 + 9/200)²

  = 8000(209/200)²

 = 8736.2

Now,

C.I = A - P

    = 8736.2 - 8000

    = 736.20

Hope it helps! Brainliest it!

Answer 2

Step-by-step explanation:

• P=8,000,TIME=2halfyears,R=9%=9\2. we know that, A=B(1+r/100) =8,000(1+9/200)² =8,000(209/200)² =8736.2. NOW, C.I=A-P. = 8736.2-8,000 =736.20