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A certain, invested at 4% per annum compound interest compounded half-yearly, amounts to Rs.7,803 at the and of one years. THe sum is

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A certain, invested at 4% per annum compound interest compounded half-yearly, amounts to Rs.7,803 at the and of one years. THe sum is
1). Rs.7,000
2). Rs.7,200
3). Rs.7,500
4). Rs.7,700

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2 answers

1 vote
Answered by on | Votes 1 |
right answer for this question is option 3

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3 vote
Answered by on | Votes 3 |

Here is the right answer

Let the sum be P.
As, the interest is compounded
half-yearly,
\R = 2%, T = 2 half years
 A = P$(1+\frac{(R)^{t}}{100})$

P = Rs.7,500




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