Calculate the amount and compound interest on₹ 10000 for 1 year at 8% per annum compounded half yearly.
Pawan Prajapati , 4 Years ago
Grade 12
1 Answers
Harshit Singh
Last Activity: 4 Years ago
Dear Student
Principal (P) =₹10,000 Rate = 8% per annum or 4% per half year Number of years = 1 year There are 2 half years in 1 year. A =P (1 +R/100 )^n =₹ [10000(1+ 4/100 )^2] =₹ [10000 × (1/25)^2] =₹ [10000 (26/25)^2] =₹ 10816 C.I. = A − P = ₹ 10816 − ₹10000 =₹816
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