Question

when will rs 8000 amount to rs 8820 at 10% per annum interst compounded half-yealry?

Answer 1

Answer:

Time =2 years

given

principle =8000

amount=8820

rate=10%

then,

8820=8000(1+10/2/100)power 2t

8820/8000 =(1+5/100)power 2t

21/20=21/20power 2t now

time =2years