Rs. 1600 at 10% per annum compounded half yearly amount to Rs. 1944.81 in?

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Accepted Answer

1600(1 +5/100)t = 1944.81 ⇒ (21/20)t =194481/160000 =(441/400)2 = (21/20)4 ∴ T = 4( half years) ⇒ Required time =2 years

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