Question

What sum will become Rs 4590 in 1 1/2 years if the rate is 12.5 compounded annually
answer should be 3840
step by step explanation

Answer 1

Answer:

Step-by-step explanation:

given:

p=4590

r= 12.5

t= 11/2 = 5.5

therefore....

si = p×r×t / 100

si = 4590×12.5×5.5 / 100

si = 315562.5 / 100

si = 3155.7