What sum invested at 4 % per annum compounded semi-annually amounts to rupees 7803 at the end of one year
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let the sum be p
therefore
amount = p (1+ rt/100) = p(1+ 4/2*100) [the rate is 4/2 as it is semi annually compounded that is twice a year]
btw, 7803 = p (1+4/800)
7803 = p 201/200
therefore p = 7764.17
therefore
amount = p (1+ rt/100) = p(1+ 4/2*100) [the rate is 4/2 as it is semi annually compounded that is twice a year]
btw, 7803 = p (1+4/800)
7803 = p 201/200
therefore p = 7764.17
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