Question

find the amount and the compound interest on Rs 16000 for 2 years at 20% per annum,compounded half-yearly.



Please give me the answer tomorrow is my exam​

Answer 1

time(n)=2years

amount(p) =16000

rate of interest (I) =20%

according to the formula = p(1+i)n-p

=16000(1+0.20)2-16000

=16000(2.4)-16000

=38400-16000

=22400

therefore compound interest =22400

Answer 2

Answer:

RS20.250 , RS 4,250

Step-by-step explanation:

sorry