Question

Rs 10,000 for 1 year at 8% per annum compounded half yearly

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Answer 1

Answer:

10400 Rs.

Step-by-step explanation:

Half Yearly Compound interest formula =

A = P(1 +  r/200)^t

P = 10000 Rs.

t = 1 year

R = 8%

A = 10000 (1 + $\frac{8}{200}$)^1

  = 10000 ($\frac{208}{200}$)

  = 50 * 208                      (cancelled zeroes)

  = 10400 Rs.

Therefore, the amount at the end when compounded half yearly is Rs. 10400

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Answer 2

Step-by-step explanation:

Half Yearly Compound interest formula =

A = P(1 + r/200)^t

P = 10000 Rs.

t = 1 year

R = 8%

A = 10000 (1 + \frac{8}{200}

200

8

)^1

= 10000 (\frac{208}{200}

200

208

)

= 50 * 208 (cancelled zeroes)

= 10400 Rs.

Therefore, the amount at the end when compounded half yearly is Rs. 10400

_________________________

Hope it helps you ✌.