Question

Calculate the amount on rs. 8000 for 1 year at 8%p.a. compounded half yearly​

guys please answer this
no on is able to solve this

Answer 1

Answer:

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Step-by-step explanation:

For Compound Interest,

Amount=Principal( 1 + 100​/rate)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

Answer 2

Answer:

$ci = p(1 + \frac{r}{100} ) {}^{n}$

Step-by-step explanation:

ci=8000(1+4/100)^2

8000 x 26/25 x 26/25

8652.8