Math, asked by nasirmuskan786, 18 days ago

find the compound interest on 80,000 for one year at 7 % per annum compounded half yearly

Answers

Answered by riz1cr7

7

Answer:

Compound interest is 5698.

Step-by-step explanation:

7% per annum = 3.5% in 6 months

Amount,

80000 × 103.5/100 × 103.5/100

=85698

Compound Interest

= Amount - Principal

= 85698 - 80000

= 5698

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