Question

Question 37

If amount on the principal of Rs 6000 is written as $6000{(1+\frac{5}{100})}^3$ and compound interest payable half-yearly, then rate of interest per annum is ___ and time (in years) is ___.

Answer 1

If amount on the principal of Rs 6000 is written as $6000{(1+\frac{5}{100})}^3$ and compound interest payable half-yearly, then rate of interest per annum is 10% and time (in years) is $1\frac{1}{2}yr$