what sum of money will amount to rupees 27783 in one and a half yeras at 10 per cent per annum compounded half yearly...
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Heya ☺
Given that
A = ₹27,783
R = 10 % p.a.
T = 1 + 1/2 years
= 2+1/2 years
= 3/2 years
Solution
When the interest is compounded half - yearly
A = P(1+R/200)^3/2 × 2
=> 27,783 = P(1+10/200)^3
=> 27,783 = P(200+10/200)^3
=> 27,783 = P(210/200)^3
=> 27,783 = P(21/20)^3
=> 27,783 = P × 9,261/8,000
=> P = 27,783 × 8,000/9,261
=> P = ₹24,000
Thanks
Given that
A = ₹27,783
R = 10 % p.a.
T = 1 + 1/2 years
= 2+1/2 years
= 3/2 years
Solution
When the interest is compounded half - yearly
A = P(1+R/200)^3/2 × 2
=> 27,783 = P(1+10/200)^3
=> 27,783 = P(200+10/200)^3
=> 27,783 = P(210/200)^3
=> 27,783 = P(21/20)^3
=> 27,783 = P × 9,261/8,000
=> P = 27,783 × 8,000/9,261
=> P = ₹24,000
Thanks
Jahanvi004:
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