find the compound interest on rupees 8000 for 2 years at 12% per annum compounded anually

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syedaamtulatifa syedaamtulatifa

25-10-2020
Mathematics

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find the compound interest on rupees 8000 for 2 years at 12% per annum compounded anually

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hasinaarifahmad1980 hasinaarifahmad1980 · Answer 1 · 2020-10-25T14:53:47+01:00

hasinaarifahmad1980 hasinaarifahmad1980

25-10-2020

Answer:

2648

Step-by-step explanation:

Given Principle P=Rs.8000

Time t=1

2

1

=

2

3

years

But, as the interest is compounded half yearly t=

2

3

×2=3years

Rate of interest R=10%

A=P(1+

100

R

)

t

A=8000(1+

100

10

)

3

A=8000(

100

110

)

3

A=8000×(1.1)

3

A=8000×1.331

A=10648

CI=A−P

CI=10648−8000

CI=Rs.2648

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find the compound interest on rupees 8000 for 2 years at 12% per annum compounded anually​

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find the compound interest on rupees 8000 for 2 years at 12% per annum compounded anually