Question

At what rate percent compound interest rs.800 amounts to rs.926.10 in 1½ years interest being compounded half yearly ​

Answer 1

Answer:

use the formula A=p ([(1+r)^n], p=800, A= 926.10 time = 1and 1/2 which is equal to 3/2 ,

Step-by-step explanation:

therefore 926.10= 800[(1+r)^3] = 926.10/800= [1+r)^3 , 9261/8000=1+r)^3 =21^3/20^3=1+r^3 r= 5%