What will be the compound interest on a sum of 8000 after 2 years if i – InterviewSolution

1.	What will be the compound interest on a sum of 8000 after 2 years if interest rate is 5% per annum compounded half yearly
Answer» -STEP EXPLANATION:CI= P. a ( 1+r/100)^n8000(1+5/100)^28000(105/100)^28000(21/20)^28000*441/400=8820

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