For example, if we have to calculate the interest for 1 year, then T = 365. ... If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R ... Question 1 : Find the compound interest on Rs. 10,000 at 10% per ... R / 100 = 8 / 100 => R = 8 % Thus, the required rate of interest per annum in 8 %.
