Question

In how many years rs 2000 will amount to rs 2100 at 10 % annum compounded half yearly ?

Answer 1

Principal =₹2000

Amount =₹2662

Rate=20% ,it is compounded half yearly so 20/2=10%

Let the time be t years

According to question= P(1+r/100)^t=amount

2000(1+10/100)^t=₹2662

(11/10)^t=2662÷2000

(11/10)^t=1331/1000

(11/10)^t=(11/10)^3

So, t=3

Therefore time =3 years...

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Answer 2

Answer:

3 years

Explanation:

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