Question

In what time will a sum of mon
9. A sum of money invested at compoun
*1267-37 at the end of 7 years. Find
(i) At what rate percent compound
years.
(ii) At what rate percent a sum of 16
half yearly
14. The compound interest on 1060 for a
12. Find the compound internet​

Answer 1

Explanation:

principal amount given is Rs. 10, 000

Interest rate is 8% per year for 12 months.

It is compounded half yearly.

So,After 6 months, interest added =

100

8

×10,000

=Rs.800.

Sum = 10000+800

=Rs. 10,800.

After 12 months, It is compounded with interest