Question

find the rate % per annum if rs.2000 amount to rs.2662 in 3/2 years,interest being compounded half-yearly?

Answer 1

half yearly means timw double ,3/2×2=3 yr


2662/2000=(1+r/100)^3
1331/1000=(1+r/100)^3
11/10=1 + r/100
1/10=r/100
r=10%
hope this helps you

Answer 2

Answer:

here's the answer

Step-by-step explanation:

the time is double 3/2×2=3 years

2662/2000=(1+R/)*3

1331/1000=(1+R/)*3

11/10=1+R/

1/10=R/

R=10%

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