a certain sum amounts to Rs 1331 in 1½ years at 20% p.a. compound intrest compounded half yearly. determine the sum.
Share
a certain sum amounts to Rs 1331 in 1½ years at 20% p.a. compound intrest compounded half yearly. determine the sum.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Amount = Rs 1331
Time = 3/2 = 3 half years
Rate per annum = 20% = 10%
A = P( 1 + r/100 )^n
1331 = P ( 1 + 10/100 )^3
1331 = P( 110/100)^3
1331 × 100/110 × 100/110 × 100/110 = P
1000 Rs = Principle
Hope it helped ☺