Question

find the compound interest on 80 000 for 1 year at 7% p a a compounded half-yearly

Answer fast its very important ​

Answer 1

Answer:

A = P(1 + r/100)t

⇒ 80000 × (1 + 10/100)4

⇒ 80000 × (11/10)4

⇒ 8 × 14641

⇒  117128

CI = A - P

⇒ 117128 - 80000

⇒ 37128

∴ The required compound interest is Rs. 37,128.

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