Question

1. At what rate the % per annum will Rs. 64,000 becomes Rs. 68921 in
interest being compounded half yearly.​

Answer 1

Answer:

Correct Answer:

A) 112years

Description for Correct answer:

According to the question,

Amount=P(1+R2×100)2×t

68921=64000(1+52×100)2×t

6892164000=(1+140)2×t

(4140)3=(4140)2×t

2t=3

t=32

t=112 years

Part of solved Simple and compound interest questions and answers : >> Aptitude >> Simple and compound interest