Question

find the amount and the compound interest on 160000 for 2 year at 10%per annum compounded half yearly

Answer 1

Answer:

Step-by-step explanation:

P=₹160000

R=10% per annum

=(10/2)% per half year

=5% per half year

T=2 years

=(2×2) half years

=4 half years

A=[P(1+R/2×100)^2T]

=₹[160000(1+5/100)^4]

=₹[160000{(100+5)/100}^4]

=₹[160000{105/100}^4] =₹[160000×(105/100)×(105/100)×(105

/100)×(105/100)]

=₹194481

CI=A - P

=₹(194481 - 160000)

=₹34481

Hope it helps...

Answer 2

Answer:

Given Rate = 10% annum

= 5% per half year

time = 2 years = 4 half year  

Amount =P(1+R/100   )  n

 =160000(1+  5/100  )  4

= Rs. 194481

Compound Interest = Amount - Principal

= 194481 - 160000

= Rs. 34481