Find the approximate amount of 1000 in 1 year at 5 percent per annum compound interest payable half-yearly
Answers
Answered by
0
A = P ( 1 + r/2)2n and C.I = A - P
where, P = principal
R = rate in percent p.a.( per annum i.e. annually)
n = number of years.
PUT THIS FORMULA AND YOUR ANSWER WILL COME .
where, P = principal
R = rate in percent p.a.( per annum i.e. annually)
n = number of years.
PUT THIS FORMULA AND YOUR ANSWER WILL COME .
Similar questions