Question

a) Find the amount and the compound interest on 4000 for 15 years at 10% per annum, compounded half yearly. ​

Answer 1

Answer:

949505.25

Step-by-step explanation:

Principal (P) = 4000

rate of interest (r) = 10%

years (n) = 15

Amount = P*(1 + 2r/100)^2n

4000*(1+20/100)^30

4000*6/5^30

Ans - 949505.25