Question

4. What sum will amount to Rs 4913 in 18 months, if the rate of interest is 25/2 %
annum, compounded half-yearly?

Answer 1

Answer:

{Ans is = 4,096..}

Given:-

A=Rs.4913

n=3

R= 212.5

=6.25

As we know that,

A=P(1+ 100R ) n

⇒4913=P(1+ 1006.25 ) 3

⇒4913=P( 1617 ) 3

⇒P= 4913

4913×4096

=Rs.4096

(Hence the sum will be Rs.4096)