find the compound interest on rs 8000 at 8% per annum for 3 years, compounded half-yearly?
Answers
Answered by
0
Answer:
A=P(1+r/100) ^n
A=8000(1+4/100) ^6
=8000(1+1/25) ^6
=8000(25+1/25) ^6
=8000(26/25) ^6
= 8000×26/25 26/25×26/25×26/25×26/25×26/25
= 10122.5521
since, CI=A+P
=10122.5521+8000
=10922.5521
hope this help you
Answered by
18
Question ⤵
Find the compound interest on Rs 8000 at 8% per annum for 3 years , compounded half yearly.
Answer ⬇
A=P(1+r/100) ^n
A=8000(1+4/100) ^6
=8000(1+1/25) ^6
=8000(25+1/25) ^6
=8000(26/25) ^6
= 8000×26/25 26/25×26/25×26/25×26/25×26/25
= 10122.5521
since, CI=A+P
=10122.5521+8000
=10922.5521 ans.
Thanks..
Similar questions