Question

What will be the compound interest on ₹ 5,000 if it is compounded half yearly at 8 % per annum

Answer 1

Answer:

Rs on compound interest=5000Rs

interest on half year=8℅

So interest on 1 year is8℅×2=16℅

interest in per year=

$\frac{5000 }{6\%} = 312.5rs \\ mark \: brainliest \: plz$

Answer 2

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