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- In how many years will a sum of Rs.800 at 10% per annum compounded semi annually become Rs.926.10
Question 1:
In how many years will a sum of Rs.800 at 10% per annum compounded semi annually become Rs.926.10 A. 1.5
Feedback Let the time be 'n' years, Then
800×(1+5/100)^2 n = 926.10 <=> (1+5/100)^2 n=9261/8000<=>(21/20)^2 n=(21/10)^3
n = 3/2 or n= 1(1/2) Years
800×(1+5/100)^2 n = 926.10 <=> (1+5/100)^2 n=9261/8000<=>(21/20)^2 n=(21/10)^3
n = 3/2 or n= 1(1/2) Years
B. 2.5
C. 3.5
D. 4.5
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