find the compound Interest on Rs 160,000
for 2year at 10%per
annum when
compounded semi-annually.
Answers
Answered by
1
Answer:
160000*34481/160000
Answered by
1
Answer=
34481.00
step by step explanation
T- 2years = 4 half years
R=10℅
P=₹16000
CI = p*(1+r/100) ^4
CI= ₹16000*(1+5/100)^4
CI= ₹16000*(21/20)^4
= ₹16000*21/20*21/20*21/20*21/20
=34481.00
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