What time will Rs 8000 amount to Rs 8820 at 5% pa interest compounded half yearly?

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Solution

The correct option is BGiven: Principal amount, P =Rs.800Total amount after t years, A = Rs. 882Rate of interest, R = 5% per annumAs we know that the compound interest =P[1+(5100)t]⇒882=800(1+120)t⇒882800=(2120)t⇒441400=(2120)t⇒(2120)2=(2120)t∴t=2 years.

In what time will 8000 amount to 8820 at 10% pa interest compounded half yearly?

8820 at 10% p.a. interest compounded half yearly? A. 2.5 years.

What is the SI on Rs 8000 at the rate of 5% per annum for 5 years?

Compound Interest = Rs 820.

In what time will 8000 amount to 8820 at the rate of 20% interest being compounded quarterly?

The time is two years.

What will be the compound interest on 8000 for 3 years at 5% per annum?

So compound interest is 9261.