find the amount for 800 in 1 year at 4% when interest is compounded half yearly?
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P=800
R=4%=4/2=2%
T=1yr=2×1=2yrs
A=P[1+R/100]^n
800[1+2/100]^2
800×51/50×51/50
=832.32 is the amount
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