what sum invested at 4% per annum compounded semi-annually ammounts Rs.7803 at the end of one year?
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let sum be x
now apply the formula
7803=x(1+2/100)power2. (rate will be divided by 2because it's semi annually)
7803=x(51/50x51/50)
now solve it and you will get your answer
now apply the formula
7803=x(1+2/100)power2. (rate will be divided by 2because it's semi annually)
7803=x(51/50x51/50)
now solve it and you will get your answer
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