Divakaran deposit a sum of Rs 6250 in Allahabad bank for 1 years compounded half yearly at 8% per annum find the compound interest he gets
Answers
Answered by
16
if we put the formula A is equals to p into one plus rate upon 100 ways to say rate percent into one that is the year when we take this then the answer will Be 6750
abhi8859:
hii
prakriti
Answered by
20
Answer:
Compound Interest = rs. 500
Step-by-step explanation:
we know,
Compound interest= P(1+R÷100)t-1
=6250(108÷100)-1
=6250(1.08)-1
=6250(0.08)
=rs. 500
Similar questions