Find the amount on Rs. 1600 for one year at the rate of 10% per annum compunded half yearly.​

Question

Find the amount on Rs. 1600 for
one year at the rate of 10% per annum
compunded half yearly.​

in progress 0
Caroline 2 weeks 2021-09-05T07:36:27+00:00 2 Answers 0 views 0

Answers ( )

    0
    2021-09-05T07:37:34+00:00

    Answer:

    Principal = Rs 1,60,000

    Time = 2 years or 24/12×2= 4 half years

    Rate = 10/2 = 5% per half year

    Amount = P[1+R/100]T

    =1,60,000[1+5/100]4

    =1,60,000×1.05×1.05×1.05×1.05

    = Rs 1,94,481

    Compound Interest = Amount-Principal

    = 1,94,481-1,60,000

    = Rs 34,481.

    0
    2021-09-05T07:37:58+00:00

    ANSWER

    Principal =Rs.16000

    Amount =Rs.18522

    Rate =10% annually

    Here, Rate =

    2

    1

    ×10=5% half yearly

    Time n=?

    Amount=Principal(1+

    100

    R

    )

    n

    18522=16000(1+

    100

    5

    )

    n

    16000

    18522

    =(1+

    100

    5

    )

    n

    8000

    9261

    =(

    20

    21

    )

    n

    ⇒(

    20

    21

    )

    3

    =(

    20

    21

    )

    n

    ∴ Period of the loan =3 half years =1

    2

    1

    years

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