Question

11. A sum invested for 1 year at 10% p.a. compounded half-yearly amounts to
ly amounts to 8820. Find the principal.
​

Answer 1

Answer:

P = 8400

Step-by-step explanation:

Rate = 10/2% (compounded half yearly)

Time = 1/2*2= 1year

8820= p(1+10/200)²

8820= p(21/20)

8820= 21p/20

P = 8820*20/21

P = 8400