Question

in what time will 1600 amount to 1743 at 5% per annum compounded half yearly

Answer 1

Answer:

Interest for first year   =1001600×5×1=80

Amount after first year =1600+80=1680

Interest for second year   =1001680×5×1=84

Amount after second year  =1680+84=1764

Interest for third year   =1001764×5×1=88.2

Amount after first year  =1764+88.2=1852.2

Thus, time required =3years

Answer 2

HAVE A NICE DAY!!!

HOPE IT HELPS!!!