Browse by Stream
QnA
Home
QnA
Go To Your Study Dashboard

Get Answers to all your Questions

header-bg qa
  • Home
  • NCERT
  • Calculate the amount and compound interest on Rs 8000 for 1 year at 9% per annum compounded half yearly.

1: Calculate the amount and compound interest on:

(d) Rs 8,000 for 1 year at 9% per annum compounded half-yearly.   (You could use the year-by-year calculation using SI formula to verify.)

Answers (3)

best_answer

Given,

Principal, P = Rs. 8000, Rate, R =   9% per annum compounded half yearly for 1 year. 

Now, there are two and a half years in a year. Therefore, compounding has to be 2 times. 

And rate = half of 9% = 4.5% half yearly.

Therefore, the required amount = 8000(1+\frac{9}{2\times100})^{2}  = Rs. 8736.20

And Compound Interest, CI = Amount - Principal = Rs. (8736.20 - 8000) = Rs. 736.20

 

Posted by

HARSH KANKARIA

View full answer

P = 8000 

R = 9%

2÷9%= per half yearly

(N) is 1 year 

=2 half years

Posted by

Sonika thapa

View full answer

P= RS 8000

R= 9%

N= 3 years. 

CI= 8000(1+9/100)3

8000 x (109/100)3

=  to cut the answer, the answer is 10360.30

= (10360.232-8000)

Ans= 2360.232RS

 

 

 

Posted by

Aditya singh

View full answer

Similar Questions

Trending Articles/News

anam-khan

JNVST 2025 Class 6 registration ends today; apply at navodaya.gov.in

Latest Question