Find the amonut rs 16000 for 1.5 years at 10% per annum when the interest coumpounded half yearly
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interest coumpounded half yearly
so 1.5 years has 3 half years
so N = 3
P = 16000
R = 10
A = P ( 1+R/100)^N
A = 16000 ( 1 + 10/100) ^3
A = 16000 ( 1 + 1/10) ^3
A = 16000 ( 11 /10 ) ^3
A = 16000 × 11 /10 × 11 / 10 × 11 / 10
A = 16 × 11 × 11 × 11
A = 21296 rs
so 1.5 years has 3 half years
so N = 3
P = 16000
R = 10
A = P ( 1+R/100)^N
A = 16000 ( 1 + 10/100) ^3
A = 16000 ( 1 + 1/10) ^3
A = 16000 ( 11 /10 ) ^3
A = 16000 × 11 /10 × 11 / 10 × 11 / 10
A = 16 × 11 × 11 × 11
A = 21296 rs
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