Question

in what time will 10,000 become 13689 at 34 % interest is compounded half yearly​

Answer 1

Answer:

r = 10% per half year

Let time = T2 years = half years

According to the question,

Amount = Principal ( 1+Rate100Time )

=> 13310 = 10000 ( 1+10100T )

=> 1331010000 = 1110T

=> 1110T = 13311000 = 11103

=> T = 3 half years = 1 12 years