2. Find the compound interest for the given principal, rate and time when compounded half-yearly.
P =20,000 R = 10% p.a, T =2 year's
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Answer:
The answer is 24200
Step-by-step explanation:
24200 (1 + 0.1 ) 1.2
1
A= 20000 × 1.1²
A= 20000 × 1.21
A= 24200
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