Question

Find the amount and the compound interest on ₹8,000 for

1/½

years at 8 % per annum

compounded half yearly.​

Answer 1

Answer:

2648

Step-by-step explanation:

Given Principle P=Rs.8000

Time t=1

21 = 23

years

But, as the interest is compounded half yearly t=

23

×2=3years

Rate of interest R=10%

A=P(1+

100

R) t

A=8000(1+

100

10)

3

A=8000(100110) 3

A=8000×(1.1) 3

A=8000×1.331

A=10648

CI=A−P

CI=10648−8000

CI=Rs.2648