0)İftheïnterestispayablehalfyearlyand?2000amounts to2662after l2year – InterviewSolution

1.	0)İftheïnterestispayablehalfyearlyand?2000amounts to2662after l2years, theannualrateofnterest 1S:(A) 5%(B) 1090(C) 15%( D) 2090
Answer» compounded half yearly for 1.5 yearsso A=P(1+R/200)^32662=2000(1+R/200)^31331/1000=(1+R/200)^3so 1+R/200=11/10so.R/200=1/10so.R=20%

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