Question

₹1600 lent at a compound interest of 5% per annum compounded half yearly for 1 year will amount to​

Answer 1

Answer:

I think answer is 1.96

Step-by-step explanation:

:. interest compounded half yearly

so the rate is half = 5% = 2.5%

and the time is double = 1 =2 years

p = 1600

Process....

Amount = p× (1+r/100)^t

A=1600×(1+2.5/100)^2

A=1600×(3.5/100)^2

A=1.96

Hope it's helpful..

Answer 2

Answer:

A=1.96

Step-by-step explanation:

Hope it helps

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