How much would a sum of Rs 16000 amount to is 2 years time at 10% per annum compound interest, interest being payable half-yearly?

Explanation

To solve the problem of how much a sum of Rs 16,000 will amount to in 2 years at a 10% per annum compound interest rate, with interest being compounded half-yearly, we can follow these steps:

### Step 1: Identify the given values
- Principal (P) = Rs 16,000
- Rate of interest (R) = 10% per annum
- Time (T) = 2 years
- Since the interest is compounded half-yearly, we need to adjust the rate and time accordingly.

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