Question

8. Calcualte the C.I on * 3,500 at 6% per
annum for 3 years, the interest being
compounded half-yearly.
Do not use mathematical tables. Use the
necessary information from the following:
(1-06)3 = 1.191016; (1-03)3 = 1.092727
(1-06)6 = 1.418519; (1-03)6 = 1.194052​

Answer 1

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