Question

In how much time will rupees 5000 yield rupees 5832 as interest at 16% p.a., interest being payable half-yearly​

Answer 1

Step-by-step explanation:

A=P(1+R/100)2

5832=5000(1+r/100)2

5832/5000=729/625=(27/25)3

1+r/100=27/25

R=27/25–1=2/25

R=2/25*100=8

R=8% p.a.