Question

Calculate the amount on Rs 5000 at 8% pa compound interest for 1 year, interest compounded half yearly.​

Answer 1

Answer:

=408

Step-by-step explanation:

Given, Principal=Rs. 5000

Rate =8%

Time =1 year, ⟹n=2∵ Compounded half-yearly

A=P(1+  

2.100

r

​

)  

n

 

A=5000(1+  

200

8

​

)  

2

 

A=5000(  

200

208

​

)(  

200

208

​

)

A=5408

C.I=A−P

=5408−5000

=408

C.I.=408.