Math, asked by Bhuishree, 1 year ago

Determine the rate of interest at which a sum of money will become 216/125 times the original amount in 1 whole of 1/2 years ,if the interset is compounded half yearly.

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Answers

Answered by Anonymous

7

10% or 40% …............?

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Bhuishree: ok

Bhuishree: OK

PkTheLegend: the answer is correct

PkTheLegend: and yes.....the R that you have got

PkTheLegend: it is for compounded half yearly

PkTheLegend: and Rate is always given for annual

PkTheLegend: period...

PkTheLegend: that's why the answer to the qstn is given 4p%

PkTheLegend: 40%

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