Ten > Compound Interest

Asked by Atith Adhikari · 1 year ago

A retired teacher deposited Rs. 80,000 in own account at the development bank for two years to get half-yearly compound interest at the rate of 10% per annum.

1. How many times the interest is calculated according to the semi-annual compound interest in 2 years? Write it.
2. According to the half-yearly compound interest, what would be the compound interest received by the teacher at the end of 2 years? Find it.
3. According to the same rate of yearly compound interest, in how many years will the compound amount of Rs. 80,000 be Rs. 1,06,480? Find it.