Sarthaks Test
0 votes
508 views
in Mathematics by (15.0k points)

Calculate the amount and compound interest on (e) Rs 10000 for 1 year at 8% per annum compounded half yearly

1 Answer

0 votes
by (24.8k points)
selected by
 
Best answer

Principal (P) = Rs 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

= Rs [10000 (1 + 4/100)2]

= Rs [10000 (1 + 1/25)2]

= Rs (10000 x 26/25 x 26/25) = Rs 10816

C.I. = A − P = Rs 10816 − Rs 10000 = Rs 816

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...