A sum of Rs. 10,500 amounts to Rs. 13,650 in 2 years a certain rate p…

Question

A sum of Rs. 10,500 amounts to Rs. 13,650 in 2 years a certain rate percent annum simple interest. The same sum will amount to what in 1 year at the same rate, if the interest in compounded half yearly (nearest to Rs. 1)

Accepted Answer

Option B. Rs. 12,134. Answer & Solution Answer: Option B Solution: $$P = 10500 \,\,\,\,\,2 year\,\,\,\,\,13650$$ & 2 year 3150 & 3150 = 10500 × R × 2100 & R = 15\% & A = 10500 ( 1 + 15200 )^2 & = 10500 × 215 × 215200 × 200 & = 105 × 43 × 4316 & = 12134