years at 10% pe
8. Find the amount and the compound interest on 310,000 for 1
2
annum, compounded half yearly. Would this interest be more than the intereste
would get if it was compounded annually?
Answers
Answered by
1
Answer:
P(1+
100
R
)
n
= 10800\left(1+\frac{1}{8}\right)^3=10800\left(\frac{9}{8}\right)^3(1+
8
1
)
3
=10800(
8
9
)
3
= 10800\times\frac{9}{8}\times\frac{9}{8}\times\frac{9}{8}10800×
8
9
×
8
9
×
8
9
= Rs. 15,377.34
Compound Interest (C.I.) = A – P
= Rs. 10800 – Rs. 15377.34 = Rs. 4,577.34
Answered by
1
imkashmir
Heya!
class!
Similar questions