Question

the amount on a sum of ₹625 for one year at the rate of 8% of p.a compounded half-yearly is​

Answer 1

Answer:

Amount = ₹ 650

Compound Interest = ₹ 25

Step-by-step explanation:

Principal = ₹ 625

Time = 1 yr ( 2 half years )

Rate of Interest = half of 8% = 4%

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

= 625 ( 1 + 4/100 )²

= 625 {(100+4)/100}

= 625 × 104/100

= 650

Amount = ₹ 650

Compound Interest = 650 - 625

= ₹ 25