At what rate percent will Rs 800 amount to Rs 926.10 in 3 years?
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Whenever the CI is calculated semi-annually Then, The Rate is halved and time is doubled
Let the time be n years
So, R=10/2 Amount = Rs. 926.10 Principal = Rs. 800
= 5%
T= 2 x n = 2n years
A=P(1 +R/200)^2n
926.10 = 800(1+10/200)^2n
926.10/800 = (21/20)^2n
(21/20)^3 = (21/20)^2n
Here, 2n = 3
n =3/2
n = 1.5 years
Answered by
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Answer:
principle = 800 rupees
amount= 926.10 rupees
time= 3years
rate of interest = R
formula = P× R/100×T=A
= 800×R/100×3=926.10
R = 38.55
therefore, the rate of interest is 35.35%
Step-by-step explanation:
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