## Rs. 9000 is lent at the rate of 80 percent per annum on compound interest (compounded half yearly). what will be the compound interest of 12 months?

Question: Rs. 9000 is lent at the rate of 80 percent per annum on compound interest (compounded half yearly). what will be the compound interest of 12 months? Answer: Rs. 8640 Solution:interest= PXRXT/100Compound interest be x(9000(0.5)(0.8)+ 9000(1+0.5(0.8))(0.8)(0.5))/1003600+5040Rs 8640