Question

find the amount and compound interest on rupees 5600 for 1 year at rate of 10% annum when the interest is compounded half yearly
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Answer 1

Answer:

6,160

Step-by-step explanation:

Principal = 5600

time = 1 year

rate = 10%

by formula = P(1+R/100)^n

where P = principal

R=. rate

N = time

so amount =6,160