Question

3. A certain sum amounts to 1331 in 3/2 years at 20%p.a. compound interest compounded half yearly.
Determine the sum.​

Answer 1

Answer:

1000

Step-by-step explanation:

Amount =P(1+r/200)^2n

1331=P(1+20/200)^2×3/2

1331=P(11/10)^3

1331=P(1331/1000)

1331×1000/13331=P

1000=Sum

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Answer 2

1000 is the answer mate