In how many years will rupees 3375 become Rupees 4096 at 13 1 by 3 % per annum where interest is compounded half - yearly?
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Answer:
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Answered by
8
Step-by-step explanation:
4096= 3375 (1+ 0.1333)ⁿ²
2
1.21362963 = (1+0.0667)ⁿ²
1.1016486 = (1.0667)ⁿ
n= 1.5years (approx)
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