calculate the amount and compound interest on rupees 18000for 1 year and 6 months at 5% per annum compound half yearly
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Answer:
Calculate:
Total P+I (A)
Where: A = P(1 + r/n)^(nt)
Principal (P): $ 18,000.00
Rate (R): % annual 5
Compound (n): Compounding Annually (1/Yr)
Time (t in years): 1.5
Answer:
A = $ 19,366.74
A = $ 19,366.74A = P + I where
A = $ 19,366.74A = P + I whereP (principal) = $ 18,000.00
A = $ 19,366.74A = P + I whereP (principal) = $ 18,000.00I (interest) = $ 1,366.74
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