Find the sum which amounts to Rs 9261 at 10% per annum compound interest for 18 months ,interest payable half yearly
1 answer:
Find the sum which amounts to Rs 9261 at 10% per annum compound interest for 18 months ,interest payable half yearly
, where A is amount , r is rate =10% = 0.10 , n is intervals of compounding n=2 , t is time = 18 months=1.5 years
Lets plug in
divide both sides by 1.006012008
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