Question

10. The C.I on 16000 for 1 1/2 years at 10% p.a payable half-yearly is
(a) * 2,222 (b) *2,522
(c) 2,500
(d) none of these​

Answer 1

Answer:

B .2522

Step-by-step explanation:

CI = P (1 + r/100) ^t - P

= 16000 (1 + 10/200)^3 - 16000

= 16000 * 21/20 * 21/20 * 21/20 - 16000

= 18522 - 16000

= 2522 is the interest

The C.I on 16000 for 1 1/2 years at 10% p.a payable half-yearly is 2522