What principal will amount to rupees 9826 in one and a half years at 12.5% per annum compounded half-yearly
Answers
Answered by
0
Step-by-step explanation:
r =2
2
1
% =
2
5
%
n =18 months =
2
3
years
When the interest is compounded half
yearly,
A=P(1+
2×100
r
)
n×2
=>9826=P
⎝
⎜
⎜
⎛
1+
2×100
2
5
⎠
⎟
⎟
⎞
2
3
×2
=>9826=P(
80
81
)
3
=>P=Rs 9466.54
Similar questions