suyan received rupees 684 interest on investing rupees 3,800. if the interest was calculated at 6 percent p.a., how long did suyan invested the money?
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Answer:
P = Rs. 4800, r = 8 % compounded half-yearly and n = 4 years
∴A=P(1+
2×100
r
)
n×2
=Rs.4800(1+
2×100
8
)
4×2
=Rs.4800(1+
100
4
)
8
=Rs.4800(
100
104
)
8
=Rs.4800(1.04)
8
=Rs.4800×1.3686 (from the given values)
=Rs.6569.28
Step-by-step explanation:
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