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In how many years will a sum of ₹ 800 at 10% per annum compound interest, compounded semi-annually becomes ₹ 926.10 ?
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1 1 years 2 -
1 2 years 3 -
2 1 years 3 -
2 1 years 2
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Correct Option: A
Here , P = ₹ 800 , A = ₹ 926.10 , Rate = 10% per annum = 5% half yearly
As we know that ,
A = P | ![]() | 1 + | ![]() | T | |
100 |
⇒ 926.10 = 800 | ![]() | 1 + | ![]() | T | |
100 |
⇒ | = | ![]() | ![]() | T | ||
8000 | 20 |
⇒ | ![]() | ![]() | 3 | = | ![]() | ![]() | T | ||
20 | 20 |
∴ Time = 3 half years = 1 | years | |
2 |