the present value of Rs 500 due in 10 years hence when interest of 10% is compounded half yearly
tnwramit1:
ans =188.44
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Answered by
13
compound interest=500(1+5/100)²-500
=500(21/20)²-500. =500(441/400-1)
=500×41/400=51.25
=500(21/20)²-500. =500(441/400-1)
=500×41/400=51.25
Answered by
5
Let the value be X
So ATQ
X+X×10/100 ×6/12=500
X+X/20=500
21X/20=500
X=476. 19
or X=476. 2
So ATQ
X+X×10/100 ×6/12=500
X+X/20=500
21X/20=500
X=476. 19
or X=476. 2
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