Question

Solve this if you have guts to do this!!!


Find the money which when invested for 1.5 years and compounded half yearly at the rate of 8% per annum, amounts to ₹175.37

Answer 1

Answer:

⏩ ⒶⓃⓈⓌⒺⓇ ⏪

Let the required money be '₹p'

Amount = ₹ 175.37 & rate = 8 % per annum

time (t) = 1.5 yrs = 1 year + 0.5 year

t = t1+t2, let t1 = 1 year & t2 = 0.5 year

To find the amount

➡ p[1+ (r/100) ]^t1 × [ 1 + (t2/100) ]

➡ p [1 + ( 8/ 100) ]^1 × [ 1 + ( 0.5×8 /100 ) ]

➡ p (108/100) ×(104/100)

➡ p(27/25) ×(26/25)

➡ ₹702p/625

by the given statement,

the amount =₹175.37

➡702p/625 = 175.37

➡702p = 175.37 ×625

➡702p = 109606.25

➡ p = 109606.25/702

➡ p = 156.13

Therefore, the amount is ₹156.13

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Step-by-step explanation:

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