Question

find the compound interest paid when a sum of rupees 10000 is invested for 1 years and 3 months at 8 half percent per annum compounded annually

Answer 1

The compound interest will be 1016
800 for 1 year + 216 for 3 months
10000×8/100×1 =800
+ 10800×8/100×3/12 =216

Answer 2

216 is the answer okkkkkk