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.
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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.
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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:
Future value=9826.
Month=18
P= 9132.56