Question

find ci on 4000 at 10 % for 3/2 yrs when interset half yearly

Answer 1

Answer:

4630.5

Step-by-step explanation:

FORMULA = p(1+ r/100)^n

p = 4000

r = 10

n = 3 ( when interest half yearly)

4000(1+  10/2*100)³

= 4000 (1+ 10/200)³

= 4000 x 210/200 x 210/200 x 210/200

= 4630.5 (ANS)

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