Math, asked by yash51889, 4 months ago

Find interest on 5000 for 2 years at the
rate of 5% compounded half-yearly.​

Answers

Answered by lalitnit
2

Answer:

Calculate:

Total P+I (A)

Where: A = P(1 + r/n)^(nt)

Principal (P): $ 5,000.00

Rate (R): % annual 5

Compound (n): Compounding Semi-Annually (2/Yr)

Time (t in years): 2

Answer:

A = $ 5,519.06

A = $ 5,519.06A = P + I where

A = $ 5,519.06A = P + I whereP (principal) = $ 5,000.00

A = $ 5,519.06A = P + I whereP (principal) = $ 5,000.00I (interest) = $ 519.06

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