Question

A man borrowed 16,000 at 10% per annum interest compounded half yearly. Find the
amount repayable after one year.​

Answer 1

Answer:

3360RS

Step-by-step explanation:

P= 16000

R=20%

T=1/2+1/2

s

C.I for first half = 16000 × 20/100×2

= 1600rs

amount= 16000+1600

=17600

C.I for second half = 17600×20/100×2

= 1760rs

amount= 17600+1760 =19360

total CI = 1600+1760

= 3360RS

Answer 2

◼◼◼ANSWER◼◼◼

The compound interest on Rs. 6000 at 10% per annum for one year ,compounded half-yearly is

=>6000×(1+ 2×100/100) ²−6000

=>6000× 21/20 ×21/20 −6000

=>6615−6000= 615.

••So the compound interest is Rs. 615.••

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