Question

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.​

Answer 1

here is your answer vkdkwjrjcjsjwjfnr

Answer 2

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,

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