Mathematics · Compound Interest
Find the total amount obtained by compounding interest on Rs. 16,000 for 1 year at 10% per annum compounded half-yearly.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 17,600
- 2Rs. 18,640
- 3Rs. 17,640✓
- 4Rs. 18,600
Correct answer
Rs. 17,640
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