How much with a sum of $ 24000 amount to in 2years at 10% per annum compounded semi annualy
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semi annual means time double and rate half
so rate =10/2=5% time=2×2=4yr
A=p[1+r/100]^n
a=24000(1+5/100)^4
a=24000(1+1/20)^4
a=24000(21/20)^4
a=24000×21×21×21×21/160000
a=441×441×3/20=rs.29172.15
please mark it as a brainliest answer
so rate =10/2=5% time=2×2=4yr
A=p[1+r/100]^n
a=24000(1+5/100)^4
a=24000(1+1/20)^4
a=24000(21/20)^4
a=24000×21×21×21×21/160000
a=441×441×3/20=rs.29172.15
please mark it as a brainliest answer
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