find the amount and the compound interest on₹8000 for 1 year at 10%per annum, compounded half-yearly
Answers
Answered by
20
A = P(1+r/100)^n
= 8000(1+5/100)^2
= 8000 * 26/25 * 26/25
= 8652.8
Interest = 8652.8 - 8000
= 652.8.
Hope this helps!
= 8000(1+5/100)^2
= 8000 * 26/25 * 26/25
= 8652.8
Interest = 8652.8 - 8000
= 652.8.
Hope this helps!
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Answered by
24
It is compounded half - yearly
so
No of years =1×2=2
rate = 10/2=5% p. a
Amount=p(1+R/100) ^2
=8000×(1+5/100) ^2
=8000×26/25×26/25
=8652.8
amount=Rs 8652. 8
compound interest=Amount - principal
=8652.8-8000
= 652. 8
compound interest=Rs 652. 8
so
No of years =1×2=2
rate = 10/2=5% p. a
Amount=p(1+R/100) ^2
=8000×(1+5/100) ^2
=8000×26/25×26/25
=8652.8
amount=Rs 8652. 8
compound interest=Amount - principal
=8652.8-8000
= 652. 8
compound interest=Rs 652. 8
You are right buddy
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