Vikram invested ₹ 10000 at the rate of 8% per annum, compounded quarterly. What amount would he get after 1 and 1/2 years? iska answer hain ₹ 11261.62
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Answer:
8th
Maths
Comparing Quantities
Compound Interest
A sum of 10,000 is invested...
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Asked on December 26, 2019 by
Debanjali Chaurasiya
A sum of 10,000 is invested at the rate of 8% per year for 12 months. What is Compound interest if interest is compounded half-yearly?
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principal amount given is Rs. 10, 000
Interest rate is 8% per year for 12 months.
It is compounded half yearly.
So,After 6 months, interest added =
100
8
×10,000
=Rs.800.
Sum = 10000+800
=Rs. 10,800.
After 12 months, It is compounded with interest
=10,800×
100
8
=Rs.8.64
∴ Compound interest =800+864
=Rs.1664
Hope this helps u
principal amount given is Rs. 10, 000
Interest rate is 8% per year for 12 months.
It is compounded half yearly.
So,After 6 months, interest added =
100
8
×10,000
=Rs.800.
Sum = 10000+800
=Rs. 10,800.
After 12 months, It is compounded with interest
=10,800×
100
8
=Rs.8.64
∴ Compound interest =800+864
=Rs.1664