what sum will amount to 926.10 in 3 years at 5 %p. a compound interest
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P = 6400
A = 6560
R = 5%
A = P(1 + (R/2)/100)^2n
6560 = 6400(1.025)^2n
6560 = (6560)^2n
Bases are same. Hence,
2n = 1
n = 1/2 years
A = 6560
R = 5%
A = P(1 + (R/2)/100)^2n
6560 = 6400(1.025)^2n
6560 = (6560)^2n
Bases are same. Hence,
2n = 1
n = 1/2 years
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