Question

10.Find the compound interest on ₹1,60,000 for 2 years at 10% per annum
when compounded semi-annually?

Answer 1

Answer:

34,481

Step-by-step explanation:

amount = p*(1+r)^t

here t= 4

r= 10/2=5% for half yearly

amount=1,60,000*(1+5%)^4= 194481

compound interest = 34,481