Question

For how many years must 120000 be invested at 8% per annum

Answer 1

9600 Rs . Per year . And by diving it with 120000Rs . We get nk. Of years ....

Answer 2

Answer:19584

Explanation:

As interest compounded half-yearly,r= 8/2% =4%,

n=2×1

=2CI

=P[(1+ 100r) n −1]

⟹CI=1,20,000[(1+ 1004 ) 2−1]

⟹CI=Rs.9,792

but compound interest per annum =CI×2

=9,792×2

=19584

hope this helps you ....