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Subjects
Mathematics State Board
Class 8
Life Mathematics
Compound Interest and its Applications
11.
Determine the amount of compound interest
Exercise condition:
4
m.
Find the compound interest on \(₹\)
13960
for
2
years
at the rate of
5
\(\%\) per annum when compounded half-yearly. (
Use
:
1.025
4
≈
1.1
)
Answer
:
The compound interest
\(=\) \(₹\)
.
[Note
: Submit the answer as a whole number.
]
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