Question

In what time will rs 6250 amount to rs 6632.55 at 4% compounded interest payable half - yearly

Answer 1

Answer:

rs6250 to 6632.55 in 3/2 years

Answer 2

Answer:

15 months

Step-by-step explanation:CA=P(1+R/200)^2n

6632.55=6250(1+4/200)^2n

6632.55/6250=(204/200)^2n

1.061208=(1.02)^2n

Taking"log" on both sides,

Log(1.061208)=log(1.02)^2n

Log1.061208=2n log(1.02) [log m^n= n log m]

0.2580051529/0.008600171762= 2n

30=2n

n=30/2

n=15