find the compound interest on 160000 for 2 years at 10% per annum when compounded semi annually - Maths - Comparing Quantities

Question

find the compound interest on 160000 for 2 years at 10%
per annum when compounded semi annually

Sonia · Answer

Principal = Rs 160000 Rate of Interest = 10%p a = 10/2 = 5% per
half year Time= 2 years = 2*2= 4 half years Compound Interest =
P[(1+R/100)^n-1 =160000[(1+5/100)^4-1] = 160000[194481/160000-1]
=160000*34481/160000 =Rs 34481 Ans