Question

Find the rate per annum if ? 2000 amount to ? 2315,25 in
2
payable half
yearly
1980 being compounded​

Answer 1

Answer:

Step-by-step explanation:

Rate = R2

Time =2T3

Amount=P(1+R2×100)3

2315.25=2000(1+R200)3

2315.252000=(1+R200)3

231525200000=(1+R200)3

92618000=(1+R200)3

(2120)3=(1+R200)3

1+R200=2120=R=10%