A company pays 68921 after 3/2years ,interest compounded half yearly on an investment of Rs 64000 . Calculate the rate at which the company pays interest.
Answers
Answered by
12
Answer:a=
Step-by-step explanation:
A=p(1+r/100)^n
68921=64000(1+r/100)^3
68921/64000=(1+r/100)^3
41/40=1+r/100
r=100/40=2.5% half yearly
r=5%per annum
madhumita889:
thank bhai
Answered by
0
Answer:
rate is 5%
Step-by-step explanation:
no of years = 1 1/2
= 3/2
Principal. = 64000
Amount. = 68921
A = P × ( 1+ r/200 ) 2n
68921. = 64000× ( 1+ r / 200 ) 2×3/2
68921/64000 = ( 1+ r/200 ) ³
( 41/42 )³ = ( 1+ r/200)³
41/40-1 = r/200
200/40 = r
5% = r
rate of interest for annually is 5%
Hope it helps
Similar questions