find the CI on 64004 one and half years at 5% pa interesting compounded half yearly

Asked by krishnasangam2008 | 11th Apr, 2022, 09:06: PM

Expert Answer:

text P = 64000 end text
text n=1 end text 1 half space years
straight r equals 5 percent sign

straight A equals straight P open parentheses 1 plus fraction numerator straight r divided by 2 over denominator 100 end fraction close parentheses to the power of 2 straight t end exponent
straight A equals 64000 open parentheses 1 plus 5 over 200 close parentheses to the power of 2 cross times 3 over 2 end exponent
straight A equals 68921
CI space equals space Rs.4921

Answered by Arun | 12th Apr, 2022, 09:50: AM