Question

2. A sum taken for 2 years at 4% per annum compounded half yearly. explain step to step​

Answer 1

Answer:

169.8566

Step-by-step explanation:

let sum=1000

rate=4%

time=2years

then n=4

4*40=160

6*1.6=9.6

4*0.064=0.256

1*0.00064=0.0006

sum=160+9.6+0.256+0.00064=169.8566