Find the compound interest on the sum of ₹ 8000 at 10% p.a. compounded annually for 2 years.
Answers
Answered by
0
Answer:
Rate = 5% per half-yearly.
Let times =2n half years =n years.
Then 8000(1+
100
5
)
2n
=9261
⇒(
20
21
)
2n
=
8000
9261
=(
20
21
)
3
∴2n=3 or n
=
2
3
years
Answered by
0
Step-by-step explanation:
Answer
Rate = 5% per half-yearly.
Let times =2n half years =n years.
Then 8000(1+
100
5
)
2n
=9261
⇒(
20
21
)
2n
=
8000
9261
=(
20
21
)
3
∴2n=3 or n
=
2
3
years
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