₹ 16,000 invested at 10% p.a. compounded semi-annually amounts to ₹ 18,522. Find the time period of investment.
Simple Interest
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Question

₹ 16,000 invested at 10% p.a. compounded semi-annually amounts to ₹ 18,522. Find the time period of investment.

KnowledgeBoat · Accepted Answer

Given: P = ₹ 16,000 R = 10% A = ₹ 18,522 Let the time be . Since the interest is compounded half-yearly, Hence, years years Hence, the time period of investment is years.

Mathematics

₹ 16,000 invested at 10% p.a. compounded semi-annually amounts to ₹ 18,522. Find the time period of investment.

Simple Interest

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