M's Heera Associates let out 14,00,000 for one year at 16% per annum
compounded annually. How much they could earn if the interest is compounded
half-yearly
Answers
Answered by
3
Answer:
98,000
Step-by-step explanation:
P=1400000
R=16%
n=1years
Amount=P(1/2+R)^n
=1400000(1+16/100)^1
=1400000×17/100
=14000×17
=2,38,000
C.I.=Amount-Principle
=2,38,000-14,00,000
=98,000
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0
Answer:
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