Determine the amount of compound interest — task. Maths CBSE Homework Assignments, Class 8.

Find the compound interest on \(₹\)10557 for 4years at the rate of 9 \(\%\) per annum when compounded half-yearly. (Use:

{(1.045)}^{8}

\approx

1.42)

Answer:

The compound interest \(=\) \(₹\).

[Note: Submit the answer as a whole number.]

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2. Determine the amount of compound interest