Question

Find out the compound interest of Rs 8000 for 2 years at the rate of 20% per annum compounded half yearly.​

Answer 1

Answer:

this answer may helpful i think

Answer 2

Answer:

800

Step-by-step explanation:

Principle = p = 8,000

Rate of interest = 20%

Time = 2 yrs

$CI = P[(1+i)^n-1]$

$CI = 8,000[(1+0.1)^{\frac{1}{2}*2} -1]$

$CI = 8,000[(1.1)^1 -1]$

$[(1.1)^1 -1] = 0.1$

$CI = 8,000 * 0.1$

$CI = 800$

Hence , the compound interest of ₹ 8000 for 2 years at the rate of 20% per annum compounded half yearly is 800