A man lends Rs.5500 at the rate of 8% per annum. Find the amount if the interest is compounded half yearly and the duration is one year. Share with your friends Share 1 Ashutosh Verma answered this We have,Principal, P = Rs 5500Rate, R = 8% p.a. = 4% per half yearTime, n = 1 yr = 2 half yrsNow, amount, A = P1+R100n = 55001 + 41002 = 5500 × 2625×2625 = Rs 5948.80 0 View Full Answer Riddhi Jain answered this p=5500 r=8% t=1year if the interest is compounded half yearly then R=8/2=4%,T=(1)(2)=2 A=P{1+R/100}2 =5500{1+4/100}2 =5500{104/100}2 =5500 26 0
