Math, asked by priyabratasingh2005, 9 months ago

A certain sum of money is put at compound interest, compounded half-yearly . if the interrest for successive half-yearly are RS 650 and RS 760.50;find the rate of interest

Answers

Answered by RKumawat
1

Answer:

Difference between the C.I of two successive half -years=760.50−650=110.50

Time =6 months=126=21years

Rate of interest=C.Iofprecedingyear×timeDifferencebetweentheC.Ioftwosuccessiveyear×100

∴Rate of intereast=650×1110.50×100×2=34%  

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