Question

Calculate the amount and compound interest on Rs 10,000 for 1 year at 8% per annum

compounded half yearly. with steps​

Answer 1

Answer:

Step-by-step explanation:

for first 6months

10,000+8%(10'000)= 10,800

for next 6months

10,8000+10%(10,800)= 10,908.

Final answer is

Amount =10,908₹

Compound Interest=908₹