3. Find the amount and the compound interest on
12800 for 1 year at 7
% per annum
compounded semi-annually.
Answers
Answered by
3
Answer:
amount =14654.72 and
Compound interest =1854.72
Step-by-step explanation:
Here, n=2(2half yearly)
A=12800(1+7/100)^2
=12800(107/100)^2
=12800*107/100*107/100
=128*107*107/100
=1465472/100
=14654.72
A=14654.72
therefore, compound interest =amount -principle
C I =14654.72-12800
CI. =1854.72
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