the compound interest on rs 1000 at 8% per annum for 6 months compounded semi annualy
give correct or get reported
Answers
Answered by
0
Dear Student,
★Answer:
The interest is Rs 816.
★ Step-by-step explanation:
We know,
➼
Rate has been halved because interest is compounded half yearly and for same reason time has been doubled.
➼Therefore
=
= × ×
= 10816
So, interest is 10816−10000 = Rs 816.
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