Question

#2 What sum invested for 1-years compounded half-yearly at the rate of 4% p.a. amounts to
1,32,651​

Answer 1

Answer:

Step-by-step explanation:

Interest = 4%

Time = 1.5 years = years

Amount = 1,32,651

Sum = ?

Let x be the sum of amount

Amount =

1,32,651 =

1,32,651 = 1.061208x

x =

x = 1,25,000

∴ The principle amount is 1,25,000