Question

Find the compound interest yearly if principal is rupees 8000,time is 1 and half year and rate percentage is 4%per annum​

Answer 1

Step-by-step explanation:

Here P= 8000,

Time(n) = 1and 1/2 yr (1year + 6 month)

R= 4% per annum,

Formulae:- A = P( 1+ R/100) to the power n

= 8000 (1 + 4/100)( 1+2/100)

= 8000x 26/25 + 51/50

= 8486.4

C.I = A-P

₹( 8486.4 - 8000)

= ₹ 486.4