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ICSE Class 10 Answered

A man purchased one 6 years National saving certificate for Rs 1000 . After 6 years he got Rs 2015 .Find the rate of interest if it is compounded semi-anually
Asked by elainexavier103 | 22 Aug, 2019, 06:11: PM
Expert Answer
straight P equals 1000 straight t equals 6 straight n equals 2 straight A equals 2015 for space semi space annually straight A equals straight P open parentheses 1 plus straight r over 200 close parentheses to the power of 2 cross times 6 end exponent 2015 equals 1000 cross times open parentheses 1 plus straight r over 200 close parentheses to the power of 2 cross times 6 end exponent straight r equals 6.01 percent sign
Answered by Arun | 24 Aug, 2019, 03:30: PM
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