Question

What sum will amount to 9826 in 18 months if the rate of interest is 21/2 annum, compounded half-yearly?​

Answer 1

Answer:

6901.25

Step-by-step explanation:

A=P[1+(r/100)]^n

so

9826=P[1+0.125]^3

=P*1.125^3

=P*1.4238

so

P=9826/1.4238

=6901.25