the conpound interest on rs 6250 at 8% per annum for 1 year compounded half yearly
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Answered by
2
- The compound interest on rs 6250 at 8% per annum for 1 year compounded half yearly.
- Principal = Rs. 6250
- Rate = 8%
- Time taken = 1yrs.
:- Compound Interest is taken yearly.
- Compound interest?
Thus, Amount = Rs 6750
_________________
Compound interest = Amount - Principal
C.I. = 6750 - 6250
= Rs 500
Answered by
73
Given :
- Compound Interest on Rs.6250 at 8% per annum for 1 year .
To Find :
- Compound Interest .
Solution :
Using Formula :
Putting Values :
So , The Amount is Rs.6750 ..
Now ,
For Compound Interest :
So , The Compound Interest is Rs.500 ..
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