What sum will amount to rupees 12167 in 5 years of a sum of 2000 at 6% per annum payable half-yearly
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Answered by
1
Answer:
Correct option is B)
Rate = 5% per half-yearly.
Let times =2n half years =n years.
Then
8000(1+
100
5
)
2n
=9261
⇒(
20
21
)
2n
=
8000
9261
=(
20
21
)
3
∴2n=3 or n
=
2
3
years
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