Q14 of 94 Page 29

What sum is invested for 11/2 years at the rate of 4% p.a. compounded half –yearly which amounts to Rs. 1,32,651?

Interest = 4%

Time = 1.5 years = years


Amount = 1,32,651


Sum = ?


Let x be the sum of amount


Amount =


1,32,651 =


1,32,651 = 1.061208x


x =


x = 1,25,000


∴ The principle amount is 1,25,000


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