Question

Find the amount and compound interest on 120000 at 8 percent for 1 year compounded half yearly

Answer 1

Answer:

A=P*(1+r/100)^n

Step-by-step explanation:

where P is 120000

r is 4% for half year

and

n is 2(half yearly periods)

Now

A=120000(1+4/100)^2

=120000*(1.04)*1.04

=120000*1.0816

=129792 is Amount...ANSWER

and

Int=9792...ANSWER