Question

find a compound interest on ₹160000 for 2 years at 10% per annum when compounded semi annually​

Answer 1

Answer:

34481.0

Step-by-step explanation:

P (1+R/100)T

10% p.a.=5%P.h.y.

2 years=4 half years

CI=16000 (1+5/100)4

=16000×21/20×21/20×21/20×21/20

=34481.0

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Answer 2

Answer:

rs.34481

Step-by-step explanation:

Given Rate = 10% annum

= 5% per half year

time = 2 years = 4 half year

Amount =P(1+100R)N

=160000(1+ 1005)4

= Rs. 194481

Compound Interest = Amount - Principal

= 194481 - 160000

= Rs. 34481