Question

1) What sum of money will amount to rs
161,051 un 2 years at 10% compounded
half-yearly ?​

Answer 1

Answer:

132497.057

Step-by-step explanation:

Half year interest 5% Compunded.

2 years, hence 4 half years.

Let a be the amount,

a*1.05*1.05*1.05*1.05= 161051

a=132,497.057