Question

find C. I on Rs 8000 for
for 1 year
at 12%
per annum compounded
half yearly​

Answer 1

Answer :

shortcut method:

if for twelve months it is 12% then for six months it is 6% because it has to be compounded half yearly (as per the question).

Therefore,

100% + 6% =106%.

Hence,

8000×(106/100)×(106/100) [since a year has two 6 months]

8×106×106/10

8,988.8 is the total amount.

C.I. is 988.8