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Find the amount and the compound interes...

Find the amount and the compound interest on Rs 8000 for 1 year at 10% per annum, compounded half-yearly.

A

Amount = Rs 5820, CI = Rs 920

B

Amount = Rs 9820, CI = Rs 820

C

Amount = Rs 8820, CI = Rs 820

D

Amount = Rs 7820, CI = Rs 820

Text Solution

Verified by Experts

The correct Answer is:
C
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Knowledge Check

  • Find compound interest on Rs. 5000 for 2 years at 10% per annum, compounded half-yearly.

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    A
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    B
    Amount = Rs 45152, CI = Rs 3902
    C
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    D
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