Question

What will be the rate of interest at which a sum of 16000 for 1 1/2 years become rs 18522 .if the interest compounded semi-anually​

Answer 1

Answer:

18521=16000/11.2×R

Therefore.... R=18522×11.1/16000

now you can divide and find the answer of this question

Answer 2

Step-by-step explanation:

T = 3 periods

P= 16000

R=?

16000x(1+R/100)^3 = 18522

(1+R/100)^3 = 18522/16000

(1+R/100)^3 = 9261/8000

(1+R/100)^3 = (21/20)^3 ( 3 will be cancelled )

R/100 = 21/20-1

R/100 = 21 -20/20

R= 1/20×100 = 5%

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