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Compute the Amount and the Compound Interest In the Following by Using the Formulae When: Principal = Rs 10000, Rate 20% per Annum Compounded Half-yearly, Time = 2 Years - Mathematics

Sum

Compute the amount and the compound interest in  the following by using the formulae when:
Principal = Rs 10000, Rate 20% per annum compounded half-yearly, Time = 2 years

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Solution

\[\text{ Applying the rule A = P }\left( 1 + \frac{R}{100} \right)^n \text{ on the given situations, we get: }\]
\[A = 10, 000 \left( 1 + \frac{20}{200} \right)^4 \]
\[ = 10, 000 \left( 1 . 1 \right)^4 \]
 = Rs 14, 641
Now, 
CI = A - P
 = Rs 14, 641 - Rs 10, 000
 = Rs 4, 641

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APPEARS IN

RD Sharma Class 8 Maths
Chapter 14 Compound Interest
Exercise 14.2 | Q 1.6 | Page 14
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