what sum invested for 1 1/2 years at 10%p.a compounded semi annually will amount to Rs 1852.80
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let the sum is 100
rate=10%p.a=10/2=5%half yearly
time=1 1/2 year=3 half yearly
5+5+5×5/100=10.25
10.25+10.25+10.25×10.25/100=21.5%
121.5-----1852.80
100------1852.80×100/121.5=1525
i think the ans is approximately 1525
rate=10%p.a=10/2=5%half yearly
time=1 1/2 year=3 half yearly
5+5+5×5/100=10.25
10.25+10.25+10.25×10.25/100=21.5%
121.5-----1852.80
100------1852.80×100/121.5=1525
i think the ans is approximately 1525
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