Question

Find the amount and the compound interest on rs 160000 for 2 years at 10% per annum compound half yearly

Answer 1

Step-by-step explanation:

Calculate by using Half-yearly Formula:

$\implies$ $A=P{\Large(}1+{\Large\frac{r}{200})}^{2n}$

$\implies$ $A=1,60,000{\Large(}1+{\Large\frac{10}{200})}^{2×2}$

$\implies$ $A=1,60,000{\Large(}{\Large\frac{210}{200})}^{4}$

$\implies$ $A=1,60,000×{\Large\frac{21}{20}×\frac{21}{20}×\frac{21}{20}×\frac{21}{20}}$

$\implies$ $\boxed{A=1,94,481}$

$\implies$ $CI=A-P$

$\implies$ $CI=1,94,481-1,60,000$

$\implies$ $\boxed{CI=34,481}$

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Answer 2

Answer:

Hope this will help you.

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