dhyeyrocky dhyeyrocky
  • 03-10-2020
  • Mathematics
contestada

in what time will 64000 amount to 68921 at a rate of 5 % per annum comp half yearly

Respuesta :

lillyvela2323
lillyvela2323 lillyvela2323
  • 03-10-2020

Answer:

Time = T half–years , Rate = 5 % per half year

2

Answer Link
kushumkc15
kushumkc15 kushumkc15
  • 03-10-2020

Step-by-step explanation:

we know the formula:

  1. A=P(1+r/n)^nt ,where A is the amount , P is the principle , r is the rate , n is the number of times the interest compounded per unit time

68921=64000(1+0.05/2)^2t

or,68921/64000=(41/40)^2t

or, (41/40)^3=(41/40)^2t

or 2t=3

or, t=3/2 years

Answer Link

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