Question

What is the C.I. on 8000/-for 1 year at
5% p.a. payable half-yearly ?
step by step explaination I want please​

Answer 1

Answer:

Step-by-step explanation:

Answer 2

Answer:

Step-by-step explanation:

P= Rs.8000, Time =1 year, R=5 % payable half-yearly

Amount =P(1+  R/100)^t  

⇒8000(1+  5/2×100 ) ^2

⇒8000×(1+  1/40)^2

⇒8000×  41/40 ×  41/40

⇒41×41×5= Rs. 8405

C.I = Amount − Principal

C.I =8405−8000= Rs. 405