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kozerog [31]
3 years ago
14

Rs10,000 for 1 year at 8% per annum compounded half yearly.​

Mathematics
1 answer:
GarryVolchara [31]3 years ago
6 0

Step-by-step explanation:

Answered 1 year, 9 months ago

Given,

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.

hope it helps you

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