Question

A Sum taken for 1 and 1/2 years at 8 % p.a. compounded half yearly. Find the SUM IF the amount is 24,000..

Answer 1

Answer:

Step-by-step explanation:

Amount = P[1 + (R/2)/100]2t

When compounded quarterly,

Amount = P[1 + (R/4)/100]4t

Present worth of Principal P due t years hence is given by:

P/[1+ R/100]t