Find the amount and compound interest on $2500 for 1year at 5% per annum compounded half-yearly
Answers
Answered by
0
Answer:
present value 2500 , interest rate 10
Step-by-step explanation:
Solution
Verified by Toppr
A=P(1+100r)n
A=2500=(1+10010)2=2500(100110)2=2500×1011×1011
=25×11×11=3025
∴A=Rs3025
Similar questions