Saved Bookmarks
| 1. |
What sum will we become rupees 37044 in 18 month if the rate of interest is 10% per annum and the interest is compounded half yearly |
|
Answer» Answer: r =2 2 1
% = 2 5
% n =18 months = 2 3
years When the interest is compounded half yearly, A=P(1+ 2×100 r
) n×2
=>9826=P ⎝ ⎜ ⎜ ⎛
1+ 2×100 2 5
⎠ ⎟ ⎟ ⎞
2 3
×2
=>9826=P( 80 81
) 3
=>P=Rs 9466.54 |
|