Question

1. Calculate the compound interest and amount on 1600 for 1 year at 10% p.a. compounded
half-yearly.
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Answer 1

Answer:

hope it Will help you

Step-by-step explanation:

I=P[(1+R%n)nt−1]

Data:P- Principal, R%- Rate of Interest-10%, n-frequency of compounding in a year-2, t- numberof years-1.5 years.

I=16000[(1+10%2)2×1.5−1]

I=16000[(1.05)3−1]

I=16000[1.1576−1]

I=16000×0.1576

I=2522

Answer 2

I=P[(1+R%n)nt−1]

Data: P- Principal, R%- Rate of Interest-10%, n-frequency of compounding in a year-2, t- number of years-1.5 years.

I=16000[(1+10%2)2×1.5−1]

I=16000[(1.05)3−1]

I=16000[1.1576−1]

I=16000×0.1576

I=2522