Question

Find the sum which amount to rs 9261 at 10 % p.a. , compound interest for 18 months , interest payable half-yearly .

Answer 1

Amount =9261, rate =5%(in half yearly we divide the rate by 2),time =18 months /6 months = 3.

By applying the formula we get

P=9261000000/11025*105

P=9261000000/1157625

So at last we get by dividing

P=8000

Hope it helps you

Thank you .

Answer 2

Answer:

8000 is the answer of this wiestion