Question

What sum will amount to rupees 12167 in 5 years of a sum of 2000 at 6% per annum payable half-yearly​

Answer 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