Question

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?​

Answer 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

Answer 2

imkashmir

Heya!

class!