Question

find the amount of the annuity of annual value 150 payable in half yearly installment for 15 years at 4% per annum interest also payable half-yearly​

Answer 1

Answer:

it could be 2340

Step-by-step explanation:

annual value of thalf yearly instalment=150

interest per year =4%

for 15 year of half year instalments =150×15=2250

plus interest 4% per year which is 6, for 15 years=6×15=90

so totally, 2250+90=2340