Accountancy, asked by hali5193, 1 year ago

How much would 16000 account to in 2 years with 10% annual interest compounded half yearly?

Answers

Answered by hemantvats17
0

 A = 160000(1+10200)4 = 160000(1.05)4 = Rs 194481

Now, CI = A – P = Rs 194481 – Rs 160000 = Rs. 34481

 


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