In how many years rs 800 at 10% per annum compound interest, compounded semi annually become rs 926.10?
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Principal=₹800
Rate =10%=10/2=5%
Amount =₹926.10
Let the time be t years
According to the question,
926.10=800(1+5/100)^t
926.10/800=(1+1/20)^t
9261/8000=(21/20)^t
(21/20)^3=(21/20)^t
Therefore t=3
I hope it helps u.. Please mark as brainliest..
Rate =10%=10/2=5%
Amount =₹926.10
Let the time be t years
According to the question,
926.10=800(1+5/100)^t
926.10/800=(1+1/20)^t
9261/8000=(21/20)^t
(21/20)^3=(21/20)^t
Therefore t=3
I hope it helps u.. Please mark as brainliest..
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