Question

what sum inverted for 1 and half yearly compounded half yearly at 4% P.a. will amount to rupees 265302​

Answer 1

Answer:-

Let the principal be ₹P

Time=1 and half year=18 months= 3 half year

Rate of interest =4%

Rate is compounded half yearly so 4%÷2=2

Now, amount= p(1+r/100)^t

₹265302=P(1+2/100). 265302=P(51/50)^3

P= 265302×50×50×50/51×51×51

P=₹1691300250000

Therefore sum =₹1691300250000

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