Math, asked by ravindarjha714, 8 months ago

Find the compound interest on ₹16000 at 6% per annum for 2 years 6 months, interest compounded yearly

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Answered by justinthomas1405

Answer:

Step-by-step explanation:

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Answered by suramshu

this is answer

Step-by-step explanation:

If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.

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Find the compound interest on ₹16000 at 6% per annum for 2 years 6 months, interest compounded yearly​

Answers

Find the compound interest on ₹16000 at 6% per annum for 2 years 6 months, interest compounded yearly