Question

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

Answer:

Principal:-10,000

Time:-1year

Rate:-8%

Amount for half yearly time will be double and rate will be half

Hence,Amount:-

A:- p[1+R/200]^2

A:- 10,000[104/100×104/100]

A:-[10,000×104/100×104/100]

Amount:-10,816 Answer