what amount should munir pay at the end of one year and six months for Rs.6400 at 10% per anumm, the interest being compounded half-year?
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Answered by
1
see the picture. ....................
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aniketpagal:
u didn't divide the rate percent divided by 2
10/2=5
you both have given wrong answer
how
in the book the answer is 7408.80
ohohoohohoh
give me the picture
no its written only answer i want solution
Answered by
2
one year=12months+8months=18 months
in case of half yearly process
the time will be multiplied by 2 and the rate divided by2
18*2=36months=3years
rate =10/2=5percent.
a=p(1+r/100)n
a=6400(1+5/100)3
6400*21/20*21/20*21/20
9261*16/20
149176/20=7458.3
a=7458.3,p=6400
ci= a-p
ci =7458.3-6400=1058.3
in case of half yearly process
the time will be multiplied by 2 and the rate divided by2
18*2=36months=3years
rate =10/2=5percent.
a=p(1+r/100)n
a=6400(1+5/100)3
6400*21/20*21/20*21/20
9261*16/20
149176/20=7458.3
a=7458.3,p=6400
ci= a-p
ci =7458.3-6400=1058.3
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