Answer-If interest be compounded half-yearly, then find the compound interest on ₹8,000 at the rate of 20%...

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Here, the interest is compounded half yearly, R  202  10, n  2  80001  101002 - 1  800011102 - 1  8000121 - 100100  8000  21100  1680 rupees  The required interest is 1680 rupees.

If interest be compounded half-yearly, then find the compound interest on ₹8,000 at the rate of 20% per annum for 1 year.

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