Business Studies, asked by sathish9233, 1 year ago

Calculate the amount when sum of $ 4,800 is invested at 8% per annum for 4 years, the compound interest being compounded half-yearly

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Answered by KameenaYaar01

0

Answer:

Abbreviated as Amount = P * [1 + R/100]t, when compounded annually. Sometimes, the interest is also calculated half-yearly or quarterly.

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