in what time will rupees 5000 become rs 5832 at 16% per annum interest being compounded half yearly
Answers
Answered by
41
Answer:
1 year .
Step-by-step explanation:
The interest will be compounded half yearly .
Given
P = Rs 5000
A = Rs 5832
R = 16
Since this is half yearly :
R = 16/2 %
⇒ R = 8 %
A = P ( 1 + R/100 )^n
⇒ 5832 = 5000 ( 1 + 8/100 )^n
⇒ 5832/5000 = ( 108/100 )^n
⇒ 729/625 = ( 108/100 )^n
⇒ 729/625 = ( 27/25 )^n
⇒ ( 27/25 )^2 = ( 27/25 )^n
Comparing powers :
n = 2
Since it is half yearly , n = 2 × 1/2
= n = 1 year.
harishkumarahuja16:
Thank you very much
Answered by
17
hi mate
here is your answer
Answer is 1 YEAR.
Now, given,
Interest is compounded half yearly
Therefore,Rate of interest=
So,time = n/2 years.
Also we know,
=>5832=5000(1+ 8/100)^n
=>5832/5000 =(108/100)^n
=>(729/625) = (27/25)^n
=>(27/25)^2 =(27/25)^n
On comparing the powers we get==
=>n = 2
hence time = 2/2 = 1 year.
hope it helps
be brainly///
here is your answer
Answer is 1 YEAR.
Now, given,
Interest is compounded half yearly
Therefore,Rate of interest=
So,time = n/2 years.
Also we know,
=>5832=5000(1+ 8/100)^n
=>5832/5000 =(108/100)^n
=>(729/625) = (27/25)^n
=>(27/25)^2 =(27/25)^n
On comparing the powers we get==
=>n = 2
hence time = 2/2 = 1 year.
hope it helps
be brainly///
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