Question

A principal of Rs. 3,000 amounts to Rs. 3,360 in 2
years when compounded at a certain rate of interest.
How much will the same principal amount to if it was
compounded semi-annually?
(a) Rs. 3,370.80 (b) Rs. 3,720 (c) Rs. 3,400
(d) Rs. 3,263.43 (e) None of these
In approximately how many years will a certain sum​

Answer 1

Answer:

3000 amounts to Rs. 3360 in 2 years when compounded at a certain rate of interest. Rs. 3363.43 the same principal amount if it was compounded semi-annually