A man borrowed 16,000 at 10% per annum interest compounded half yearly

1.	A man borrowed 16,000 at 10% per annum interest compounded half yearly. Find theamount repayable after one year.
Answer» <P>Answer: 3360RS Step-by-step explanation: P= 16000 R=20% T=1/2+1/2 s C.I for first HALF = 16000 × 20/100×2 = 1600rs amount= 16000+1600 =17600 C.I for SECOND half = 17600×20/100×2 = 1760rs amount= 17600+1760 =19360 total CI = 1600+1760 = 3360RS

A man borrowed 16,000 at 10% per annum interest compounded half yearly. Find theamount repayable after one year.

Answer»

<P>Answer:

3360RS

Step-by-step explanation:

P= 16000

R=20%

T=1/2+1/2

C.I for first HALF = 16000 × 20/100×2

= 1600rs

amount= 16000+1600

=17600

C.I for SECOND half = 17600×20/100×2

= 1760rs

amount= 17600+1760 =19360

total CI = 1600+1760

= 3360RS