B)arvind deposits rs. 16000 in a bank at the rate of 10% p.a. compounded half yearly ,calculate the amount [3] received at theend of 3 years.
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Answer:
18522
Step-by-step explanation:
principle = 16000
Time=3 years
rate = 10% per anum
rate for harf yearly = 10÷2
= 5 %
amount = 16000(1+5÷100)^3
=16000×21÷20×21÷20×21÷20
=₹18522
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