Find the money which when invested for $1.5$ years and compounded annually at the rate of $8$ % per annum, amounts to Rs. $175.37.$

168.21

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156.13

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159.36

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Solution

The correct option is B $156.13$
$T = 1.5$ , $R = 8 %$ ,Amount $= 175.37$
we know that,
$A = P {(1 + \frac{R}{100})}^{T}$
$⟹ 175.37 = P {(1 + \frac{8}{100})}^{1.5}$
$P = \frac{175.37}{1.12} = 156.13$

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Find the money which when invested for 1.5 years and compounded annually at the rate of 8% per annum, amounts to Rs. 175.37.

The correct option is B 156.13T=1.5 ,R=8%,Amount=175.37we know that,A=P(1+R100)T⟹175.37=P(1+8100)1.5P=175.371.12=156.13

Find the money which when invested for $1.5$ years and compounded annually at the rate of $8$ % per annum, amounts to Rs. $175.37.$

The correct option is B $156.13$
$T = 1.5$ , $R = 8 %$ ,Amount $= 175.37$
we know that,
$A = P {(1 + \frac{R}{100})}^{T}$
$⟹ 175.37 = P {(1 + \frac{8}{100})}^{1.5}$
$P = \frac{175.37}{1.12} = 156.13$