What sum invested for 2/3 years compounded half-yearly at the rate of 4% will amount to Rs. 132651? About the author Mackenzie
Answer: answr search What would you like to ask? 11th Applied Mathematics Basics of financial mathematics Accumulation with simple and compound interest What sum invested for 1.5 y… Maths What sum invested for 1.5 year amount to 132651 in 1 2 1 years compounded half yearly at the rate of 4% p.a.? Medium Answer Open in answr app It is given that Amount (A) = 132651 Rate of interest (r) = 4% p.a. or 2% half yearly Period (n) = 1 2 1 years or 3 half years We know that A = P(1+r/100) n It can be written as P=A÷(1+r+r/100) n Substituting the values = 132651÷(1+2/100) 3 By further calculation =132651÷(51/50) 3 So we get =132651×(50/51) 3 =132651×50/51×50/51×50/51 = 125000 Hence, the principal amount is 125000. Step-by-step explanation: I think we have do like this Reply
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What would you like to ask?
11th
Applied Mathematics
Basics of financial mathematics
Accumulation with simple and compound interest
What sum invested for 1.5 y…
Maths
What sum invested for 1.5 year amount to 132651 in 1
2
1
years compounded half yearly at the rate of 4% p.a.?
Medium
Answer
Open in answr app
It is given that
Amount (A) = 132651
Rate of interest (r) = 4% p.a. or 2% half yearly
Period (n) = 1
2
1
years or 3 half years
We know that
A = P(1+r/100)
n
It can be written as
P=A÷(1+r+r/100)
n
Substituting the values
= 132651÷(1+2/100)
3
By further calculation
=132651÷(51/50)
3
So we get
=132651×(50/51)
3
=132651×50/51×50/51×50/51
= 125000
Hence, the principal amount is 125000.
Step-by-step explanation:
I think we have do like this