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₹8000 for 1 year at 9%per annum compounded half yearly

Posted by Sona Robin Robin 5 years, 4 months ago

CBSE > Class 08 > Mathematics

2 answers

Harsha Vardhan 5 years, 4 months ago

Ok thanks

0Thank You

Gaurav Seth 5 years, 4 months ago

Calculate the amount and compound interest on Rs 8,000 for 1 year at 9% per annum compounded half yearly.

<hr />

Here P = Rs 8000, T = 1 year, R = 9% p.a.

Interest is compounded half yearly,

∴ T = 1 year = 2 half years

R = 9% p.a.= half yearly

∵         Amount =

                     = Rs 8000

                     = Rs.

                     = Rs

             CI = Rs 8736.20 - Rs 8000

                     = Rs 736.20

1Thank You

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CBSE > Class 08 > Mathematics