find compound intrest on rs 16000 for 2 years at the rate of 10% per annum, if the intrest is compounded half yearly ?
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Principle = Rs . 16000
Rate = 10% p.a.
Time = 2 years
Amount compounded Half yearly = 2(1+R/200)^2n ( n = time)
= 2(1+10/100)^2×2
= 2(1+1/10)^4
=2 (11/10)^4
=2 × 11/10 × 11/10 × 11/10 × 11/ 10
=14641/5000
= 2.9272 Rs
Compound Interest = Amount - principle
= 16000- 2.9272
=15997
akshay2002:
n.p
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