calculate the amount and compound interest payable after 2 years for a sum of rupees 160000 at 10% per annum compounded half yearly
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Step-by-step explanation:
Given amount is ₹16000
rate is 10%
per Annum and n,= 2 years.
so, amount after 2years = P { 1+ R/200}^2n
₹16000{1+ 10/200}^2n
=₹16000{1+1/20}^4
=16000×{21/20}^4
=₹16000× 21/20× 21/20 × 21/20 × 21/20
= 19448.10
hence ,a sum of ₹16000 amount to ₹ 19448.10 in 2 years.
think this will help you.
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