Question

If the interest is compounded half yearly, calculate the amount when the principal is 7,400, the rate of interest is 5% per annum and the duration is one year

Answer 1

as compounded half yearly so time would be 2 years.
rate of interest (half yearly)=5/2=2.5%p.a
so by compound interest eqn. we write
A=7400×(1+2.5/100)^2
=124394/16
=7787.12/-

plzz mark as brainliest answer and follow me. thnx for the question.

Answer 2

Answer:

answer is 7774.625

please mark it as brainliest