A sum of 15000 earns compound interest of 2496 in 1 year when the interest is compounded half yearly. Find the rate of interest.
Answers
Answered by
0
Answer
A=P(1+
100
r
1
)×(1+
100
r
2
)
=15000(1+
100
8
)×(1+
100
10
)
=Rs17820
Similar questions