find the amount and the compound interest on 16,000 for 3 by 2 years at 10% p.a the interest being compounded half yearly
Answers
Answered by
2
Answer:
Principal =Rs.16000
Amount =Rs.18522
Rate =10% annually
Here, Rate =
2
1
×10=5% half yearly
Time n=?
Amount=Principal(1+
100
R
)
n
18522=16000(1+
100
5
)
n
⇒
16000
18522
=(1+
100
5
)
n
⇒
8000
9261
=(
20
21
)
n
⇒(
20
21
)
3
=(
20
21
)
n
∴ Period of the loan =3 half years =1
2
1
years.
Step-by-step explanation:
Answered by
5
Answer:
p
Step-by-step explanation:
principle 16000
time. 3/2×2-3 half yearly
rate of interest is equal to to 5%
16000 ×5 ÷100
800 interest
2 part 16800× 5/100- 840
17640
3 part - 17640× 5/100-882
ans 18522
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