Question

Find the compound interest on rupees 160000 for 2 years at 10% per annum compounded semi annually.​

Answer 1

Step-by-step explanation:

Find the compound interest on rupees 160000 for 2 years at 10% per annum compounded semi annually.

ans is 32000

Answer 2

Step-by-step explanation:

Here , principal= Rs 160000, rate = 10% per annum= 5% per half - year, time = 2 years = 4 half years.

∴ amount = Rs $(160000 \times (1 + \frac{5}{100} ) {}^{4} )$

= Rs $(160000 \times \frac{21}{20} \times \frac{21}{20} \times \frac{21}{20} \times \frac{21}{20} ) =$Rs 194481

∴ compound interest = Rs ( 194481 - 160000 ) = Rs 34481