The compound interest on ₹16000 in 2 years at 4% per annum, the interest being compounded half yearly is _______.
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0
Answer:
1318.91
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Step-by-step explanation:
p = 16000
r = 2
t = 4
A = p(1+r/100)^t
A = 16000(1+2/100)^4
A = 17318.9
CI = 17318.9 - 16000
= 1318.9
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