#2 What sum invested for 1-years compounded half-yearly at the rate of 4% p.a. amounts to
1,32,651
Answers
Answered by
5
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
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