₹16000 was lent at 10% per annum compounded half yearly for 1x1/2 years . What is the C.I earned by the lender ?
Answers
Answered by
16
Answer:
amount earned ={16000{1+10/200}^3}
=16000{21/20}^3
= (16000×9261)/8000
=9261×2=18522
interest earned =18522-16000=2522
Similar questions