Question

calculate the amount and compound interest on Rs. 8000 for 1 year at 9% per annum compound yearly. ​

Answer 1

Answer:

For Compound Interest,

Amount=Principal(1+

Rate/

100

)

Time

Compound Interest = Amount- Principal

Therefore, in this case, since the interest is compounded annually the time =2.5 years

and rate =4.5% per half year

Amount=8000(1+

200

9

)

2

Amount =8736.20

Compound Interest = Amount - Principal =8736.20−8000=Rs.736.20

Step-by-step explanation:

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