Question

what principal will amount to 9826 in 1½ years at 12 4.5 % per annum compounded half yearly​

Answer 1

Step-by-step explanation:

where,

A is the amount,

r is the rate,

P is the principal,

n is the no. of times the interest is compounded per year

and t= time period.

given, A= Rs. 9826,

t=3/2 year,

r=12.5%,

n=2 (since the intrest is compounded half yearly)

P = A/(1 + r/n) (nt)

P = 9826/ (1 + 12.5/2) (2*3/2)

P = 9826/ (7.25) (3)

P= 9826/ 381.08

P=25.78