Sign in
Please select an account to continue using cracku.in
↓ →
In how many months will Rs 8,000 yield Rs 2,648 as compound interest at 20% per annum compounded semi-annually?
$$P(1+\frac{R/2}{100})^{2n}-P$$=2648
$$(1+\frac{R/2}{100})^{2n}-1=2648/8000
Was this solution helpful?
Create a FREE account and get:
Start your IIM journey with the right preparation and crack CAT 2026.
Educational materials for CAT preparation