Question

what will be the compound interest on a sum of Rs.160000 after 2 years at the rate of 10% compounded semiannually?

Answer 1

Explanation:

amount=160000(1+1/20)^4

=160000*21/20*21/20*21/20*21/20

=2*21*21*21*21

=388962

ci.=388962-160000

=228962