Question

What sum invested for 1.5 years at 10% p.a compounded half yearly will amount to a Rs 1825.20?

Answer 1

Amount =1825.20 Time=1.5 yrs Rate =10 %p.a. A=p*21/20*21/20*21/20 P=1825.20 *20 /21*20/21*20/21 =1576.67= principal