Calculate the amount and compound interest on Rs 10,000 for 1 year at 8% per annum
compounded half yearly. with steps
Answers
Answered by
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₹
Similar questions