padma invested rs 30000 in a finance company and recieved 39930 after 1.5y. Find the rate of interest per annum compounded semi -annually
Answers
Answered by
1
Step-by-step explanation:
Padma invented in a finance company=30,000
She received= 39930
after 1.5 year =?
1.5×39930
=
59895
Answered by
3
Answer:
20% per annum is the answer
Step-by-step explanation:
p=30000
a= 39930
t= 1 1/2 yrs = 3 hlf yrs
a = p (1+r/100)^t
39930 = 30000 (1+r/100)^3
39930/30000= (1+r/100)^3
11/10= 1+r/100
11/10 -1 = r/100
1/10 = r/100
1/10*100 =r
therefore 10% is rate semianually and 20% is the rate per annum
Similar questions