find the amount and the compound interest on rs 8000 for 2 years at a rate of 7 and a half percent p.a. compounded annually
Answers
Answered by
1
Answer:
8000 x100x7/2x50=56000
Step-by-step explanation:
we are looking for the principal
P=SI X 100$ divided by
R X Y
Answered by
0
Answer:
₹2648
Step-by-step explanation:
Given Principle P=Rs.8000
Time t= 1 1/2 years= 3/2 years
But, as the interest is compounded half yearly t= 3/2×2=3years
Rate of interest R=10%
A=P(1+ R/100)t
A=8000(1+10/100)3
A=8000(110/100)3
A=8000×(1.1)3
A=8000×1.331
A=10648
CI=A−P
CI=10648−8000
CI=Rs.2648
HOPE IT HELPS
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