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 n = 2
1 = 2
Now, amount =
= Rs 10,000
= Rs 10,000
= Rs 10,000
= Rs
CI = 10816 - 10000 = Rs 816