Calculate the amount and compound interest on Rs 10,000 for 1 year at 8% per annum compounded half yearly. - Zigya
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Calculate the amount and compound interest on Rs 10,000 for 1 year at 8% per annum compounded half yearly.


Here P = Rs 10000, T = 1 year
 
       R = 8% p.a. compounded half yearly.

∴      R = 8% p.a. = 4% half yearly

      T = 1 year rightwards arrow n = 2 cross times 1  = 2

Now, amount = straight P open parentheses 1 plus straight R over 100 close parentheses to the power of straight n
                 
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                  = Rs 10,000space open parentheses 26 over 25 close parentheses squared
                 
                  = Rs 10,000space cross times 26 over 25 cross times 26 over 25

                  = Rs 16 cross times 26 cross times 26 equals Rs space 10816

    CI = 10816 - 10000 = Rs 816




    
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