Question

12, ULVIUL I
13. 516000 invested at 10% p.a. compounded semi-annually amounts to 18522. Find the
time period of the investment.​

Answer 1

Answer:

3

Step-by-step explanation:

P=516000

A=18522

i=10*1/2%=5%=0.05

n=?

A=P(1+i)^n

18522=516000(1+0.05)^n

(1.05)^3=(1.05)^n

n=3