Question

In what time will Rs. 4400 become Rs. 4576 at 8 % per annum interest compounded half yearly ??​

Answer 1

Step-by-step explanation:

Given,

principal=Rs.4400

amount=Rs.4576

rate=8% p.a.=8/2=4% half yearly

let, time=T years=2T half years

so,

A=p((1+r/100)t)

4400=((1+4/100)2t)=4576

(26/25)2t=4576/4400=26/25

2t=1

t=1/2yrs

hence , time=1/2 years

therefore it is ur answer

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Answer 2

Answer:

183 days

Step-by-step explanation:

4576-4400=176 intrest earned

4400 x 8%=352

352/365 days = 0.964383561643835 per day

Therefore 176/0.964383561643835= 183 days

Compounding of interest Will be considered in next half year