Question

The compound interest on a certain sum of money for 1 year 6 months at 6% per annum Is rs 4590.then find the sum?

Answer 1

C.I. = 4590
TIME = 1 year 6 months = 12 months + 6 months = 18 months = 3 half yers
RATE = 6% p.a. = 6/2 % per half year = 3 % per half year.
Let principal be x .
Further process is done in the image.
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ANSWER= 49500.15
If the answer is wrong there may be written in the book that the sum is compounded annually or momthly. If so please tell me.