Cpt compound interest help please

1351 views 1 replies

Find the rate percent per annum if Rs.200000 amount to Rs.231525 in 1½ year interest being compounded half-yearly.

231525 200000 = (1 + i) 3 

1.157625 = (1 + i) 3 

(1.05) 3 = (1 + i) 3 

i = 0.05

please explain the above steps.... how to get 1.05 .... how to take root or to divide.... please exppalin

 

Replies (1)

231525/200000 = (1+i)^3

 or, (1.157625)^1/3-1 = i

or, 1.0500 -1 = i

or, i = .0500 * 100 = 5 %

Note: STEPS                                                                                            

1) Do Square root of 1.157625 [12 TIMES Simaltaneously]

Results will be, from above calculation  1.00003573561

2) Substract 1 from above calculation

Results will be, from above calculation  0.00003573561

3) Multiple by 1 and then divide by 3 { due to 1/3 in power}

Results will be, from above calculation 0.00001191187

4) Now add 1 to above results

Results will be 1.00001191187

5) Finally now do ' *= ' {MULTIPLY EQUALTO} [12 TIMES Simaltaneously]

i.e PRESS Multiply & Equalto Buttom respectively for 12 times continuously

Results will be  1.05000057932

6) Substract 1 from above result & multiply by 100 respectively

i.e. (1.050000-1 )*100 = 5.00000% [ ANSWER]

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details