Math, asked by mamta2051987, 5 hours ago

The compound interest on Rs 8,000

for one year at 16% p.a. compounded half

yearly is ______, given that (1.08)2 = 1.1664.​

Answers

Answered by jd2110868
0

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Answered by Anonymous
0

Given, principal =Rs.8000

Time period = one year

Rate =16% p.a. compounded half yearly

We know that

A=P(1 +  \frac{R}{n} ) {}^{m}

By putting the given values in above equation,

  \small \bold{= 8000(1+ \frac{0.16}{2} ) {}^{2 \times 1}  = 8000(1.08) {}^{2}  = 9331.2}

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