Find the amount and the compound intrest on 5000 for 1 and half year at 8% per annum, the intrest being compound semi-annually.
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MATHS
Find the compounded interest on Rs. 5000 for 1 year 8% per annum, compounded half-yearly.
ANSWER
Given, Pricnipal=Rs. 5000
Rate =8%
Time =1 year, ⟹n=2∵ Compounded half-yearly
A=P(1+2.100r)n
A=5000(1+2008)2
A=5000(200208)(200208)
A=5408
C.I=A−P
=5408−5000
=408
C.I.=408.
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