Question

Find the compound interest on rs 5000 for 1 year at 8% per annum , compounded half yearly

Answer 1

Here's ur Answer:

P=5000,R=8%,T=1yr

A=P(1+r/2*100)^n

=5000(208/200)^1*2

=5000*208/200*208/200

=5408

CI=A-P

=5408-5000=408

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Answer 2

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compound interest is p(1+r/100)^n

compound interest is p(1+r/100)^nhere p is 5000 r is 8 and n is 1 year

compound interest is p(1+r/100)^nhere p is 5000 r is 8 and n is 1 year half yearly then r will become 4 and n will be 1/2

5000(1+4/100)^2

5000(104/100)^2

5000 * 104/100 * 104/100

if we simplify the above

we will get ₹5408 thus it is the compounded interest

amt = CI minus principal

5408 - 5000 = ₹408

hope it helps you while solving ur homework

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