Math, asked by sheikhabira3, 7 days ago

2. Find the compound interest of 16000 at 10% for one and half years. Interest is compounded half yearly.​

Answers

Answered by akn0102
1

Answer:

The required interest for half year is 1600 and for one year is 3200 .

Step-by-step explanation:

principle amount , P = 16000

rate of interest , r = 10% half yearly

Case 1 :

time , t = 1/2 year

interest , I = p× t× r / 100 = 16000×1×10/100

⇒ I = 1600

Case 2 :

time , t = 1 year = 2 half year

interest , I = p× t× r / 100 = 16000×2×10/100 = 3200

⇒ I = 3200

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