Rs.1600 at 10% per annum compound interest compound half-yearly amount to Rs.1944.81 in
2 years
3 years
5 years
6 years
Explanation:
1600(1+5100)T=1944.81(1+5100)T=1944.81
⇒(2120)r=1944.811600.00=194481160000⇒(2120)r=1944.811600.00=194481160000
=(441400)2=(2120)4(441400)2=(2120)4
T = 4 (Half - years) or T = 2 years
1600(1+5100)T=1944.81(1+5100)T=1944.81
⇒(2120)r=1944.811600.00=194481160000⇒(2120)r=1944.811600.00=194481160000
=(441400)2=(2120)4(441400)2=(2120)4
T = 4 (Half - years) or T = 2 years