what sum is invested for 3/2 years compounded half yearly at 4% p.a. will amount to ₹265302
Answers
Answered by
1
Answer:
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
Similar questions