Question

if the compound interest is calculated half yearly the payable at the end of one year on ₹16,000 at 10% rate is​

Answer 1

Answer:

Hope it will be helpful to you

Step-by-step explanation:

We know that if an amount P is compounded half-yearly with half yearly interest rate to be r for n half years, then the amount after n half years is given by A=P(1+r)n. Hence the interest on the given amount after 112 years at 10% per annum compounded half yearly is Rs 2522.

Answer 2

Answer:

Principal =Rs.16000

Amount =Rs.18522

Rate =10% annually

Here, Rate =

(1/2)×10=5% half yearly

Time n=?

Amount=Principal[1+(r/100)^N]

18522=16000 [1+(5/100)^n]

= 18522/16000=[1+(5/100)^n]

= 9261/8000.=(21/20)^n

= (21/20)^3 =(21/20)^n

∴ Period of the loan =3 half years = 1(1/2)years.

Hope it helps u...... ☺️☺️✌️✌️