Question

M/s Heera Associates let out 4,00,000 for one year at 16% per annum
compounded annually. How much they could earn if the interest is compounded
half-yearly?​

Answer 1

Answer:

p=4,00,000

T=1year

R=16%

half yearly

T=1×2=2

R=16/2

:earning

=4,00,000(1+8/100)2

=4,00,000(108/100×108/100)

=4,00,000(11664)

ans=4,66,56,00,000