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- Borrowed money=Rs.16000
- Rate=10%
- Time(n)=1+1/2 years
- The amount discharge after 3/2years
- when compounded half yearly
Note:If the Interest is given compound half yearly than we have change rate and time
- Rate=r/2=10/2=5%
- Time=t×2=3/2×2=3years
- Using formula here
⟹Amount=16000(1+5/100)³
⟹Amount=16000(105/100)³
⟹Amount=16000×105/100×105/100×105/100
⟹Amount=16×105×105×105/10×100
⟹Amount=18522000/1000
⟹Amount=18522
Hence,
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