Question

If p=2000, R = 10% T =2+1/2years
compounded half yearly. Then, N=
? ​
plz reply fast

Answer 1

Answer:

N =

$2000 \times (1 + \frac{10}{200} ) {}^{5} = \\ 2000 \times \frac{21}{20} \times \frac{21}{20} \times \frac{21}{20} \times \frac{21}{20} \times \frac{21}{20} = \\ 2552.56 \: \: ans.$