Question

Calculate the amount if 18000 is invested at 15% per annum % compounded half yearly for 1 year
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Answer 1

I=18000

R=15percent

T=1 year

P=?

Step-by-step explanation:

I=p×r×T/100

18000=P×15×1/100

180=P×3×1/2

180=p×3/2

p=180×3/2

p=540/2

p=270

p=270

A=P+I

270+1800

A=2070