Question

find the compound interest on ₹10000for 8 years at 5%per annum​

Answer 1

Answer:

10000 for 8 years at 5% per annum is Rs. 4774.554.

Answer 2

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Given,

Principal, P =Rs.10000, 

Rate, R = 8% per annum compounded half yearly for 1 year. 

Now, There are two half years in a year.

Therefore compounding has to be 2 times. 

And rate = half of 10% = 5% half yearly.

Therefore, the required amount =  10,000 ( 1 + 4/100 )²

= Rs. 10816

And Compound Interest, C.I. = Amount - Principal = Rs. (10816 - 10000) = Rs. 816.