Question

find the time period in which a sum of 1000 amount to 14641 at 21% per annum the compound interest being calculated half yearly .​

Answer 1

Answer:

first of all questions is misprint , it should be 10000 .

Now, see solution :-

100 ------------------------- 121 (first year)

10000 --------------------- 14641 ( second year)

since interest is calculated half yearly ,

actual time = 2*2 = 4 years (Ans.)

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