Question

Que 10. Find the Compound interest and Amount.
P = Rs. 8000
R = 9%,
n = 1 year (halfyearly)​

Answer 1

Step-by-step explanation:

Principal,P =Rs.8000,

Rate, R = 9% 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 9% = 4.5% half yearly.

Therefore, the required amount =

= Rs. 8736.20

And Compound Interest, CI = Amount - Principal = Rs. (8736.20 - 8000) = Rs. 736.20

I hope that it will help you