Calculate the compound Interest on RS8000 at 10% per annum for 1 year

1.	Calculate the compound Interest on RS8000 at 10% per annum for 1 year compound, compounded half yearlyplease vety urgent
Answer» $A = P(<klux>1</klux> + \frac{r}{n})^{nt}$ A = FINAL amount P = initial principal balance r = interest rate n = NUMBER of times interest applied per time period t = number of times interest applied per time period A= 8000( 1 + 10/1)^1/2 x1 A = 8820 Compound interest= 820

Calculate the compound Interest on RS8000 at 10% per annum for 1 year compound, compounded half yearlyplease vety urgent

Answer»

$A = P(<klux>1</klux> + \frac{r}{n})^{nt}$

A = FINAL amount

P = initial principal balance

r = interest rate

n = NUMBER of times interest applied per time period

t = number of times interest applied per time period

A = 8820

Compound interest= 820