Question

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In what time will Rs 64000 amount to Rs 68921 at 5% per annum interest being compounded half-yearly?

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Answer 1

Answer:

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Question :-

In what time Rs 800 amount to Rs 882 at rs.5% per annum compounded annually ?

Given :-

• Principal = 800

• Amount = 882

• Rate of Interest = 5%

A = p(1+r/100)^n

or 882=800(1+5/100)^n

or 882/800=(21/20)^n

or 441/400=(21/20)^n

or (21/20)^2=(21/20)^n

=> n=2