Find the money which invested for 1.5 years and compounded annually at the rate of 8% per annum amount to Rs175.37

Asked by guptaarti827352 | 16th Jan, 2019, 11:17: AM

Expert Answer:

 
 
Here, r = 8% , Amount = 175.37 and N = 1. 5 years = 1 year + 1/2 year
To find: P = ?

 
 
Formula: 
 
begin mathsize 16px style straight A space equals space straight P space open parentheses 1 space plus space straight r over 100 close parentheses to the power of 1 open parentheses 1 space plus space fraction numerator straight r over denominator 2 space cross times 100 end fraction close parentheses to the power of 1 half cross times 2 end exponent
rightwards double arrow straight P space equals space fraction numerator straight A over denominator open parentheses 1 space plus space straight r over 100 close parentheses open parentheses 1 space plus space fraction numerator straight r over denominator 2 cross times space 100 end fraction close parentheses end fraction

end style
Substitute the values and get the answer.

Answered by Yasmeen Khan | 16th Jan, 2019, 04:00: PM