Question

What sum of money invested for 1 1/2 years compounded half year at 10%p.a will amount to 18522. ​

Answer 1

Thus the sum of money is P = 123,480 Rs

Step-by-step explanation:

Given data:

• Time = 1 1/2 years
• Rate of interest = 10%
• Amount = 18522 Rs

Solution:

S.I = PRT / 100

18522 = P x 10 x 1.5 / 100

18522  x 100 = P x 10 x 15 / 10

P = 18522  x 100 x 10 / 10 x 15

P =  18522  x 100 / 15

P = 123,480 Rs

Thus the sum of money is P = 123,480 Rs