Question

10000 is being compounded at 20 peecent per annum calculated the amount after 2yr if rate of interest is charged half yearly
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Answer 1

Step-by-step explanation:

P =10000,r=20%,n=2yrs.

half yearly

r=20/2=10% n=2×2=4

A = P(1+r/100)^n

=10000(1+10/100)^4

=10000(1.1)^4

=10000(1.4641)

=14641