What sum invested for 1 and half year compounded half yearly at the rate of 4% per annum will amount to 132651
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Answer:
125000
Step-by-step explanation:
Using compound interest formula,
Where, A is the amount A=Rs.132651.
P is the principal
r is the rate of interest 4%.
Rate is compounded half yearly so,
t is the time t=1 and half year = 3 half year
Time is compounded half yearly t=3 years
Substitute values in the formula,
Therefore, The principal value or sum is Rs.125000.
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