Math, asked by HelpwithHw, 10 months ago

find compound interest on 8000 at rate 10% and time 1 and a half years
( 1 1/2years) compounded annually


Answers

Answered by yaashvi1427
1

first finding compound interest for 1 year

amount = P (1+R/100)

= 8000(1+10/100)¹

= 8000(110/100)

= 8800

compound interest= A-P

8800-8000

= 800

now simple interest for the half year

I = PRT/100

= 8000x10x1/ 100x2

= 80000/200

= 400

Total interest= 800+400

=1200

Similar questions