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What is the compound interest on 8000 at 10% pa for 2 years if the interest is calculated half yearly?Solution : Principal `=` Rs `8000`<br>Time `= 1(1/2)` yrs<br>`n = 3`<br>Rate `= 10%` p.a. `= 5%` half yearly<br>So , Amount `= P ( 1 + R/100 )^n`<br>`= 8000 × ( 105 / 100 )^3`<br>`= ( 8 × 105 × 105 × 105 ) / 1000`<br>`= 9261` . <br>So , Compound Interest `=` Rs `9261 -` Rs `8000 =` Rs `1261`.
In what time will 8000 amount to 8820 at the rate of 20% interest being compounded quarterly?The time is two years.
At what rate percent per annum compound interest will rupees 8000 amount to rupees 8820 in six months the interest being compounded quarterly?∴ Rate of Interest is 5% per annum.
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When will 8,000 amount to 8820 at 10% per annum interest compounded half-yearly
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