What sum invested for years compounded half-yearly at the rate of 4% p.a. will amount to ₹132651?

Question

KnowledgeBoat · Accepted Answer

Let principal = P. Given, A = ₹132651. Since interest is compounded half-yearly, rate = % = 2%. n (the number of conversion periods) = 3. We know, A = Putting values in formula we get, Hence, ₹125000 will amount to ₹132651 in year at 4% per annum compounded semi-annually.

Mathematics

What sum invested for years compounded half-yearly at the rate of 4% p.a. will amount to ₹132651?

Compound Interest

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