Question

If ₹14000 amount to ₹16206.75 in 3/2 years when interest is compounded semi-annually, find the rate of interest charged per annum,​

Answer 1

Answer:

Simple Interest for 12 years (SI) = (22400 - 14000) = Rs.8400.

R = ?

T = 12 years.

P = Rs. 14000.

R = 100 X SI/PT=100 X 8400/14000 X 12= 5%.

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Answer 2

what is answer

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