Question

if the amount 1/1*2 years at the rate of 25 % per annum compound half - yearly is ₹10,935,find the principal?​

Answer 1

Answer:

Compound interest formula is A=p( 1 +r/n)nt

Solving,

10935=p(1+0.25/2)2×1.5

i.e. 10935=1.423

i.e. p=7680