Question

Find the amount on $ 5050 for 18 month at the rate of 10 % per annum, the interest being compounded semi annually

Answer 1

• Principle = $5050
• Rate = 10%
• Time = 18 months = 18/12 years = 3/2 years.
• If the interest is half yearly.

Then

Amount = P[1+r/200]²ⁿ

              = $5050[1+10/200]³

              = $ 5050 [21/20]³

              = $ 5050 x 9261/8000

               = $5846.00625

Thank u.

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Answer 2

here is your answer mate

mark as brainliest