Find the amount and the compound intrest on Rs 10000 at 8 percent per

1.	Find the amount and the compound intrest on Rs 10000 at 8 percent per annum and in 1 year; intrest being compounded half-yearly
Answer» Answer: Given, Principal, P =Rs.10000, Rate, R = 8% per annum compounded half yearly for 1 year. Now, There are two half years in a year. THEREFORE compounding has to be 2 TIMES. And rate = half of 10% = 5% half yearly. Therefore, the required amount = 10000(1+\frac{4}{100})^{2} = Rs. 10816 And Compound INTEREST, C.I. = Amount - Principal = Rs. (10816 - 10000) = Rs. 816.

Find the amount and the compound intrest on Rs 10000 at 8 percent per annum and in 1 year; intrest being compounded half-yearly

Answer»

Answer:

Given,

Principal, P =Rs.10000, Rate, R = 8% per annum compounded half yearly for 1 year.

Now, There are two half years in a year. THEREFORE compounding has to be 2 TIMES.

And rate = half of 10% = 5% half yearly.

Therefore, the required amount = 10000(1+\frac{4}{100})^{2} = Rs. 10816

And Compound INTEREST, C.I. = Amount - Principal = Rs. (10816 - 10000) = Rs. 816.

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Find the amount and the compound intrest on Rs 10000 at 8 percent per annum and in 1 year; intrest being compounded half-yearly

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