Question

The amount to be paid at the end of 1 and half years on rupees 1600 at 10 % per annum compounded half yearly

a) 1852 .20
b)1680
c) 1722.4
d) 1750.50

Answer 1

Answer:

a)

Step-by-step explanation:

The formula is : A = P *(1+r/100)^n

so,

A = 1600 * (1+5/100)^3 [Rate is halved as it is compounded half yearly]

                                     [3 is the number of half-years]

    = (1600 * 21 * 21 * 21)/ 8000

    = 1852.20

Hope this helps.