Question

a sum of rupees 12500 is deposited for 1 and half year compounded half yearly if amount of rupees 13000 at the end of the half 1st year find the rate of interest second the final amount give your answer correct to the nearest rupee
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Answer 1

here ur answer buddy.

Answer:

Answer:

(i) The rate of interest = 8 %

(ii) Final amount after 3/2 years = 14061 rupee (Approx)

Step-by-step explanation:

Since, An amount P is deposited in annual rate of r (in decimals) for t years and compounded half years.

Then after t years the final amount is,

(i) Here, After 1 year,

A = 13,000

t =  1/2 years

P= 12,500

Thus,

Thus, the annual rate = 0.08 = 8%

(ii) Now, P = 125,000

t = 1½ years = 3/2 years

r = 8%

Thus,

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