calculate the amount on rs. 8000 for 1 year at 8%p.a. compounded half yearly
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7000 is the answer
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Answered by
1
Answer:Compound Amount (C.A)=Rs 8652.8
Step-by-step explanation:
Principal(p)=Rs.8000
Time(t)=1yrs
Rate(r)=8%
Compound amount (C.A)=?
NOW,
C.A=P(1+R/200)power2
=8000(200+8/200)²
=8000(1.04)²
=8000*1.0816
=8652.8
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