The number of years taken for a sum of Rs 5,000 to become Rs 5,832 at a rate of 16% per annum compounded half yearly, will be:
The number of years taken for a sum of Rs 5,000 to become Rs 5,832 at a rate of 16% per annum compounded half yearly, will be: Options a) 1.5 yearsb) yearsc) 2 yearsd) 1 years Solution As per question P = 5000A = 5832R = 16% Rate half yearly (r) = = 8%Number of […]