Question

calculate the amount and compound interest payable after 2 years for a sum of rupees 160000 at 10% per annum compounded half yearly​

Answer 1

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.