Question

Calculate the compound Interest on RS
8000 at 10% per annum for 1 year compound, compounded half yearly


please vety urgent
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Answer 1

$A = P(1 + \frac{r}{n})^{nt}$

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of times interest applied per time period

A= 8000( 1 + 10/1)^1/2 x1

A = 8820

Compound interest= 820