Question

The amount of Rs 4500 at 12% p. a in 4 years compounded half yearly is Rs
O A
7100
ОВ
7200
O C
7300
7400​

Answer 1

Answer:

7300 is the answer. need more help

Answer 2

Principal amount, P = 4500rs

Rate of interest, R = 12% per annum, but for 6 months interest will be half, means = 6%, there rate will decrease.

Time, t = 4 year compounded half yearly, here 6 month will be treated as 1 full year, actually time will increase, and we will consider it as 8 years.

We have to find the amount of rupees after 4 years?

A = P ( 1 + $\frac{r}{100}$)ⁿ

= 4500× ( 1 +$\frac{6}{100}$ )⁸

= 4500× ( $\frac{53}{50}$ )⁸

=4500 ×(1.06)⁸

=4500× 1.59384807

=7172.31632

An :- The amount of rupees after 4 years will be Rs 7172.31632.