Find the Compound Interest on Rs, 5000 for 1 year at 8% p.a., compounded half yearly.
Share
Find the Compound Interest on Rs, 5000 for 1 year at 8% p.a., compounded half yearly.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Verified answer
Answer:
Given, Pricnipal=Rs. 5000
Rate =8%
Time =1 year, ⟹n=2∵ Compounded half-yearly
A=P(1+2.100r ) n
A=5000(1+ 2008 ) 2
A=5000( 200 208 )( 200208 )A=5408
C.I=A−P
=5408−5000
=408
C.I.=408.
Hello Abhi (•‿•)
Given, Pricnipal=Rs. 5000
Rate =8%
Time =1 year, ⟹n=2∵ Compounded half-yearly
A=P(1+
2.100
r
)
n
A=5000(1+
200
8
)
2
A=5000(
200
208
)(
200
208
)
A=5408
C.I=A−P
=5408−5000
=408
C.I.=408.