Find the compound interest on Rs 25000 for 12 months at 8% per annum,c – InterviewSolution

1.	Find the compound interest on Rs 25000 for 12 months at 8% per annum,compounded half yearly.
Answer» T I O N :Principal, (P) = Rs.25000Time, (n) = 12 months Rate, (R) = 8% p.a.As we know that formula of the compounded half-yearly;A/qNow, as we know that compound Interest;→ C.I. = AMOUNT - Principal→ C.I. = Rs.27040 - Rs.25000→ C.I. = Rs.2040Thus,The compound Interest will be Rs.2040 .

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