₹16000 invested at 10% p.a. compounded semi-annually amounts to ₹18522. Find the
time period of the investment.
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1.5 years
p=Rs 16,000
An=Rs18, 522
i=10×1/2%=5%=0.05
n=?
we have A^n=p(1+i)^n
18, 522=16000(1+0.05)^n
18, 522/16000=(1.05)^n
(1.157625)==1.05)^n
n=3 therefore time periodof investment is 3 half years
i.e 1.5 years
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