Question

What sum invested for 3/2 years compounded half yearly at 4% p.a. will amount to ₹2, 65,302
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Answer 1

Answer: ₹25000 invested for 3/2 years compounded half yearly at 4% p.a. will amount to ₹2, 65,302.

Step-wise Explanation:

Given,

Time = 3/2years

rate = 4%

compound amount = 265302

principle = ?

Now,

    ca = p( 1 + 4/200)^( 3/2 * 2 )

or, 265302 = p * ( 51/50 )^3

or, 265302 = p * 1.06

or, 265302/ 1.06 = p

or, p = 25000