English, asked by vineettulsya, 9 months ago

David deposited a sum of 6250 in the ICICI Bank for 1 year, compounded half-yea
at 8% per annum. Find the compound interest he gets.​

Answers

Answered by asahilthakur
23

Answer:

Rs.510

Explanation:

Principal (P) = Rs.6250

Rate (R) = 8% per half year

Time (T) = 1 year

Amount (A) = P (1 + R/100)^T

A = 6250 (1 + 8/200)^2

A = 6250 (26/25)^2

A = 6760

Hence, Compound interest = A - P = Rs.(6760 - 6250) = Rs.510

Answered by Anonymous
11

Explanation:

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