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DESHRAJ

· started a discussion

· 1 Months ago

Doubt (Question: 12098.0 )

Dir 2t kha se aaya formula me to keval t hota h

Question:
In what time period Rs.100, 000,000 will amount to Rs.104, 060,401 at 2% per annum at compound interest, interest being compounded half yearly?
Options:
A) 1 Years.
B) 2 Years.
C) 3 Years.
D) 4 Years.
Solution:
104,060,401 = 100,000,000 (1 + (1/100))2t
104,060,401/100,000,000 = (101/100) 2t
(101)4/(100)4 = (101/100) 2t
(101/100)4 = (101/100) 2t
2t = 4
t = 2 years

Knowledge Expert

· commented

· 1 Months ago

Dear student,
Because compounded is half yearly thus rate is half time double.
Keep learning,
Team TR

PRAJJAWAL KUMAR

· commented

· 1 Months ago

Compounded half yearly h isliye
Rate half
Time double
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