Question

$1600 invested at 105 p.a compaunded semi annually amount to $18522 find the time period investment​

Answer 1

$P=Rs.16,000</p><p>An=Rs.18,522</p><p>i=10×1/2%=5%=0.05</p><p>n=?</p><p>We have An=P(1+i)n</p><p>18,522=16,000(1+0.05)n</p><p>18,522/16,000=(1.05)n</p><p>(1.157625)=(1.05)n</p><p>(1.05)3=(1.05)n</p><p>n=3 Therefore time period of investment is three half years i.e., 1.5 years.</p><p></p><p>$

This is your answer dear have a good night