Find the amount on Rs 8000 for 1year at 5% pa
1.Compounded annually
2.Compounded semiannually
3.Compounded quarterly
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1
Answer:
This is your answer
.Compounded annually
Step-by-step explanation:
P= Rs.8000, Time =1 year, R=5 % payable half-yearly
Amount =P(1+
100
R
)
t
⇒8000(1+
2×100
5
)
2
⇒8000×(1+
40
1
)
2
⇒8000×
40
41
×
40
41
⇒41×41×5= Rs. 8405
C.I = Amount − Principal
C.I =8405−8000= Rs. 405
Hope it help you
Thanku
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