Question

at what rate percent per annum will ₹1600 amount to ₹2000in2 year
​

Answer 1

Description for Correct answer:

According to the question, compounded half yearly

Rate = R2

Time =2T3

Amount=P(1+R2×100)3

2315.25=2000(1+R200)3

2315.252000=(1+R200)3

231525200000=(1+R200)3

92618000=(1+R200)3

(2120)3=(1+R200)3

1+R200=2120=R=10%