Question

what is the sum invested for 1 1/2 years at 10 % p.a compounded semi annually will amount to rsb1852.20?

Answer 1

semi annual means time double nd rate half
a=p(1+r/100)^n
1852.20=p(1+5/100)^3
185220/100=p9261/8000
p=185220×80/9261
p=1600
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