Q9 of 89 Page 14

In what time will Rs. 4400 become Rs. 4576 at 8% per annum interest compounded half-yearly?

Given,


Principal = Rs. 4400


Amount = Rs.4576


Rate = 8% p.a =


Let time = T years = 2T half years


So,


A =


=


=


= 2T = 1


=


Hence,


Time =


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