Question

what sum will become rupees 9826 in 18 months if the rate percent is 2 1/2 percent p.a. and interest is compounded half yearly.

Answer 1

Answer:

Future value(A)=9826 time(t) = 18 months (1.5 years)

rate of interest(r)= 5% p.a compounded annually.

present vale(P)=?

A=P(1+r)^t

9826=P(1+5%)^1.5

P=9132.56. Ans

Answer 2

Answer:

Future value=9826.

Month=18

P= 9132.56