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# Solution for Calculate the Amount and Compound Interest On Rs 10000 for 1 Year at 8% per Annum Compounded Half Yearly. - CBSE Class 8 - Mathematics

ConceptConept of Compound Interest

#### Question

Calculate the amount and compound interest on Rs 10000 for 1 year at 8% per annum compounded half yearly.

#### Solution

Principal (P) = Rs 10,000

Rate = 8% per annum or 4% per half year

Number of years = 1 year

There are 2 half years in 1 year.

A = P(1 + R/100)^n

= Rs [10000(1 + 4/100)^2] = Rs [10000(1 + 4/100)^2] = Rs [10000(1 + 1/25)^2]

= Rs (10000 xx 26/25 xx 26/25)

= Rs 10816

C.I. = A − P = Rs 10816 − Rs 10000 = Rs 816

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#### APPEARS IN

NCERT Solution for Mathematics Textbook for Class 8 (2015 to Current)
Chapter 8: Comparing Quantities
Ex.8.3 | Q: 1.5 | Page no. 133
Solution Calculate the Amount and Compound Interest On Rs 10000 for 1 Year at 8% per Annum Compounded Half Yearly. Concept: Conept of Compound Interest.
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