find the amount of 400/- in one year at 12.5 % per annum, when the interest is compounded half yearly.
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Answer:506.25/=
Step-by-step explanation:A = P(1 + \frac{r}{n})^{nt}
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
A=400(1+12.5/100)^2 (SINCE IT IS SEMI ANNUALLY AND ONE YEAR II TWICE)
A=506.25/=
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