Find the amount and the compound interest on : 10,000 for 11 / 2 years at 10% per
annum, compounded half yearly. Would this interest be more than the interest he
would get if it was compounded annually?
Y
Answers
Answered by
1
Answer:
Amount:12571.63 interest 2571.63
Step-by-step explanation:
The interest wouldn't be higher in compounding annually as the amount would increase half as many times as compared to compounded half yearly please mark as brainliest
Answered by
1
92 is the answer
10,000 ÷10=1,000
1,000+by10 2=1,012
1,012÷11=92
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