Question

Ahmed got an interest amount of Rs.5853 on his deposit of Rs.46,875 at an annual
rate of interest of 8%. if the interest was compounded every six months then find
the time of deposit?​

Answer 1

Answer:

p =46875

r=8%

amount =p(8/100)

46875=(8/100)

46875 ×(108/100)

(108/100) =46875

a-p

46875-5835 =41040

hence ci =41040