Find the amount and the compound interest on Rs. 8000 for 1
years at 10% per annum, compounded half-yearly.
Given,
Principal = Rs.8000
Time = 1-
years = ![]()
Rate = 10% per annum = ![]()
Hence,
Compound interest = ![]()
= 8000![]()
Amount = Principal + compound interest
= 8000+1261 = Rs.9261
Couldn't generate an explanation.
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