Question

what sum will amount to rupees 8820 in one year at 10% per annum compounded half yearly​

Answer 1

Answer:

Step-by-step explanation:

R = 10/2 = 5%

T = 1*2 = 2 quarter years

A = P(1+R/100)^n

8820 = P(1+5/100)²

8820 = P(105/100)²

8820 = P × 105/100 ×105/100

8820 × 100 × 100/105 × 105 = P

8000 = P