Question

The compound interest on Rs.8000 at 5% per annum for 2 years, componded half yearly.Please tell For Half-Yearly only.

Answer 1

Answer:

Just replace R=8% I have taken it as 9% so you will have to do the recalculation for better understanding bro.

Given that P = Rs 8000 , n = 2 and R = 9%.

A = P ( 1 + R / 200)

2n

A = 8000( 1 + 4.5 / 200)

2

A = 8000 x (204.5 / 200) x (204.5 / 200)

A = Rs 8364.05

Hence Interest = Rs 8364.20 - 8000 = Rs 364.05.

just put in the place of 9% and 8% , 5% you will find the answer.

Answer 2

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