Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
369 views
in Compound Interest by (28.9k points)
closed by

What sum will amount to Rs. 4913 in 18 months, if the rate of interest is 12 1/2% per annum, compounded half-yearly?

1 Answer

+1 vote
by (30.2k points)
selected by
 
Best answer

Given, 

Amount = Rs.4913 

Time = 18 months \(=\frac{18}{12}\) years

\(=\frac{3}{2}\times2\) = 3 half yearly

Rate \(={12}\frac{1}{2}\text%\) \(=\frac{25}{2}\text%\)

\(=\frac{25}{4}\text%\) half yearly

Let  principal = P

So,

 \({A}={P}[({1}+\frac{R}{100})^T]\)

\(={P}({1}+\frac{25}{4\times100})^3]\) = 4913

\(={P}[(\frac{17}{16})^3]\) = 4913

\(={P}\times\frac{4913}{4096}\) 4913

\(={P}=\frac{4913\times4096}{4913}\) = Rs.4096

Hence , 

Principal = Rs. 4096

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...