Question

if the amount is rupees 400 and principal is rupees 100 which is compounded half yearly for 1 year , Calculate rate of interest​

Answer 1

Answer:

It is given that

Principal (P) = 7400

Rate of interest (r) =5%

Period (n) = 1 year

We know that

A = P(1+r/(2×100))

2×n

Substituting the values

=7400(1+5/200)

2

By further calculation

= 7400×205/200×205/200

= 7774.63

Step-by-step explanation:

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