Question

Determine the rate of interest at which a sum of money will become 216/125 times the original amount in 1 and a half years, if the interest in compounded half

Answer 1

huh? Is it compounded twice a year? If so,

(1+r/2)^(2*1.5) = 216/125
(1+r/2)^3 = (6/5)^3
1+r/2 = 1.2
r/2 = .2
r = .4 or 40%

Answer 2

Good

Answer 3

Very helpful

Answer 4

Bokachoda sala chutiya