Question

what will be the amount after 2 years if the rate of interest is 12% componded half yearly or a sum of money equal to 10000 rupees​

Answer 1

Answer:

16384 rupees

Step-by-step explanation:

time= 2 years

rate= 12%

rate of 1 year= 12* 2= 24%

amount=$p(1+r/100)n$ = 10000(1+24/100) 2

10000(1+6/25)2

10000(25+6/25)2

10000(31/25)2

10000*32/25*32/25= 400*32*32/25

16*32*32=16384 rupees

es