Question

calculate the compound interest and amount by using the formula if interest is compounded annually principal=rupees 800 time is equals to 3 year rate is equals to 10% per annum​

Answer 1

Answer: 1261

Step-by-step explanation:

​Given :

• Principal(P) = Rs 8000

• Rate(r) = 10%

• Time(t) =  years

To Find :

• Amount and the Compound Interest Half-Yearly.

Solution :

We know that when interest is compounded Half-Yearly

• Rate is divided by 2

• Time is multiplied with 2

So now we have,

• Rate =  = 5% half-year

• Time =  = 3 half-years

Now,

 

Amount at the sum is Rs 9261

Let's find Compound Interest Now :

Compound Interest at the sum is Rs 1261

hope it helps!!