find the amount. and compound interest on 7400 for 1 year at 5% per annum interested payable half yearly
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Answer:
Step-by-step explanation:
P=7400
R=5%=5/2
T=1year=1×2=2years
Amount= p(1+R/100)to the power time
= 7400(1+5/2/100)"2
=7400(1+1/40)"2
=7400(41/40)"2
=7400×1681/1600
=7774.625
CI=A-P
=7774.625-7400
=374.625
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