1. The time in which 80,000 ambunts to 92,610 at 10% p.a. at compound interest, interest being compounded semi annually is :
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By: anil on 05 May 2019 01.57 am
Given that Rs 80000 becomes Rs 92610 at 10% per annum . semi-annual Rate become = $$frac{10}{2}$$ = 5% Let number of semi-annual cycles required = T So Using , Compounded Amount = P$$(1+frac{R}{100})^T$$ 92610 = 80000$$(1+frac{5}{100})^T$$ T = 3 semi annual cycles = 1.5 years
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