Question

what sum will become rupees 4913 in 1 whole 1 upon 2 year if the rate of interest is 12 whole 1 upon 2 % compounded half yearly​

Answer 1

Step-by-step explanation:

$ANSWER</p><p></p><p>Given:-</p><p></p><p>A=Rs.4913</p><p></p><p>Time =23 years.</p><p></p><p>Rate of interest =12.5 per annum</p><p></p><p></p><p>Since the interest is compounded half-yearly.</p><p></p><p>Therefore,</p><p></p><p>n=3</p><p></p><p>R=212.5=6.25</p><p></p><p></p><p>As we know that,</p><p></p><p>A=P(1+100R)n</p><p></p><p></p><p>⇒4913=P(1+1006.25)3</p><p></p><p></p><p>⇒4913=P(1617)3</p><p></p><p></p><p>⇒P=49134913×4096=Rs.4096</p><p></p><p></p><p>Hence the sum will be Rs.4096</p><p></p><p>$