Question

What sum invested for 1 and 1/2 year componded half yearly at rate of 4% p.a will amount to rs 132651?

Answer 1

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
₹132651=P(1+2/100)^3
132651=P(51/50)^3
P= 132651×50×50×50/51×51×51
P=₹125000
Therefore sum =₹125000
I hope it will help u.

Answer 2

Answer:

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