1 Calculate the amount and compound interest on
(e) Rs 10,000 for 1 year at 8% per annum compounded half yearly.
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 = = Rs. 10816
And Compound Interest, C.I. = Amount - Principal = Rs. (10816 - 10000) = Rs. 816.
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