Q5 of 52 Page 112

Let us write by calculating the amount on ₹80000 for years at the rate of 5% compound interest per annum.

We know that if the rate of compound interest is r% per annum and the interest is compounded half yearly or if the number of phase of compound interest in a year is 2 then the amount in n years


Where p = principal, r = rate of compound interest and n = time interval


From given, p = ₹80000, r = 5% and n = years years


∴ We get amount for years




= ₹86151.25


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