Question

What sum invested for 2 years compounded half-yearly at the rate of 10% p.a will amount to rupees.194481​

Answer 1

Answer:

Given Rate = 10% annum

= 5% per half year

time = 2 years = 4 half year

Amount =P(1+ R/100) n

=160000(1+100/5)4

= Rs. 194481

Compound Interest = Amount - Principal

= 194481 - 160000

= Rs. 34481

Hope it helps u