Question

Q 37. Calculate the amount on Rs. 10,000 for 1 year at 8% per annum compounded half yearly. *

2 points

Rs. 10,000

Rs. 10,812

Rs. 10,815

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Answer 1

Step-by-step explanation:

hope that this will help u

Answer 2

Answer:

Rs. 816

Step-by-step explanation:

Rs.10000, Rate = 8% per annum compounded half yearly for 1 year.

Now, There are two half years in a year. Therefore compounding has to be 2 times.

And rate = half of 10% = 5% half yearly.

Therefore, the required amount =

= Rs. 10816

= Rs. (10816 - 10000) = Rs. 816.