Question

rupees 10,000 for 1 year at 8% annum compounded half yearly
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Answer 1

Answer:

here is ur answer dear

Step-by-step explanation:

principal(P)=10000

time(n)=1 year=2 years(double)

rate(R)=8%p.a.=4%p.a.(half)

We know,That Compound interest=Amount-principal

Amount=P(1 + R/100)^n

Amount=10000(1+4/100)^2

Amount=10000*104/100*104/100

Amount=104*104=10816

So,amount is ₹10816

Now, lets find Compound Interest [CI]

CI=A-P

CI=10816-10000

CI=₹816

Therefore,compound interest is ₹816

Hope it helped u dear