Question

Find the compound interest on 80.000 for one year at 7% p.a. compounded half-yearly​

Answer 1

Principal =Rs 8000

rate =7 percent

N=1/2

I=P*R*N/100

=8000*7*1/2*100

=40*7/2

=20*7

=140

the compound interest is Rs140

Answer 2

Answer:

P=80

T=1yr(2 half yrs in 1 year )

R =7%(7÷2=3.5%) as compounded half yearly

A/Q

P(1+R/100)2

80(1+3.5/100)2

80(103.5/100)2

80×1035/1000×1035/1000

NOW U CAN EASILY SOLVE IT ..

Amt =85.67