Question

Find the compound interest on Rs.48,000 for one year at 8% per annum when compound did a half yearly

Answer 1

Answer:

Rate of interest  (r)  = 8% or 8/100

P or principal= 48000

n=2 ( compounded half yearly)

t or time = 1 yr

 A ( ir total Principal + interest) = P(1 + r/n)nt= 48000 x ( 1 + 8/(100x 2)) 2 X1

= 51,916.8

Interest = Amount- principal =  Rs 3,916.80

Read more on Brainly.in - https://brainly.in/question/2724218#readmore