Question

A sum of money at 15% per annum for three years is
%
2
and the amount and the compound interest on 12,800 for one year at 7
annum compounded semi-annually.​

Answer 1

Answer:

So, if someone invests 12800 for 3 years at 7.5% (15/2 %) compounded annually, he/she will receive 3101.40 as interest after 3 years

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