Explanation:
Answered 1 year, 9 months ago
Given,
Principal, P =Rs.10000, Rate, R = 8% per annum compounded half yearly for 1 year.
Now, There are two half years in a year. Therefore compounding has to be 2 times.
And rate = half of 10% = 5% half yearly.
Therefore, the required amount = = Rs. 10816
And Compound Interest, C.I. = Amount - Principal = Rs. (10816 - 10000) = Rs. 816.
hope it helps you