what sum will amount to Rs.8820 in 1 year at 10% p.a.compounded halfyearly.
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amount =Rs.8820
half yearly rate=10/2%
time= 1 year
amount after n years (compounded half yearly)
=P(1+r/2×100)2n
8820=p(1+10/2×100)2×1
8820=p×21/20×21×20
Principal =8820×20×20/21×21
Principal =Rs.8000
half yearly rate=10/2%
time= 1 year
amount after n years (compounded half yearly)
=P(1+r/2×100)2n
8820=p(1+10/2×100)2×1
8820=p×21/20×21×20
Principal =8820×20×20/21×21
Principal =Rs.8000
Krishnagupta11:
thanks to you for your asking questions
tq
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