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ICSE Class 9 Answered

find the CI on 64004 one and half years at 5% pa interesting compounded half yearly
Asked by krishnasangam2008 | 11 Apr, 2022, 21:06: PM
answered-by-expert 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 | 12 Apr, 2022, 09:50: AM

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