Question

What sum of money will amount to 27,783 in one and a half years at 10% per annum compounded half yearly?
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Answer 1

Rs.32089 is the correct answer for this question

Answer 2

Step-by-step explanation:

make rate of interest half

dived given time our no.of yers in 6 months duration for half yearly.

then

C.I =R/2/100×principal

1. one and a half year 2.5
2. Time =6,6,6 months
3. compound interest for 1st 6 months=694.575
4. Compound interest 2nd 6 months 27 800.35
5. compound interest 3rd 6 months=29175.58375
6. A=sum of all months=30410.15875