Question

(d).... Rs 8,000 for 1 year at 9% per annum compounded half yearly
(You could use the year by year calculation using SI formula to verify)



(e) ....Rs 10,000 for 1 year at 8% per annum compounded half yearly.
of 15%​

Answer 1

Answer:

Step-by-step explanation:

For Compound Interest,

Amount=Principal(1+ Rate /100 )  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+ 9/200 )  2

 

Amount =8736.20

Compound Interest = Amount - Principal =8736.20−8000=Rs.736.20