rupees 16000 invested at 10% per annum compounded semiannually amounts to rupees 18522 find the time period of the investment
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principal =16000, rate =10% per annum, amount = 18522 ;
formula fir amount with compound interest is A=P(1+R/100)*n where n stands for the number of times the interest is compounded .
formula fir amount with compound interest is A=P(1+R/100)*n where n stands for the number of times the interest is compounded .
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