Question

The compound interest on Ruppes 8000 for 1 year at 10% p.a. payable half yearly​

Answer 1

Answer:

hope it helps you out, please mark as the brainliest

Answer 2

Step-by-step explanation:

CI - Compound interest is same as the simple interest but the only change is that, here an interest is applied on the previous year interest unlike Simple interest.

Understanding this is helpful to solve this.

If Simple interest is applied on the SUM then the interest would have been same all the years. Say, if 2200 for 2nd yr then for 3rd yr also it is 2200 only.

But in this case the 2nd yr interest is 2200 and 3rd yr is 2420 which means apart from the actual interest the extra 220 (2420–2200) is for the previous year interest ie., for 2200.

220 is interest for 2200 which means 10%.

ANSWER : 10%

pls mark me an brainliest answer