If the interest is compounded half yearly , calculate the amount when principal is rupees 7400 , the rate of interest is 5 percent per annum and the duration is one year
Answers
Answered by
31
hey the answer is .....
principle = 7400
r = 5%
t = 2 half yrs
amount = 7400 ( 1 + 5/100) ^2
7400 × 21/20 × 21/20
8158.5
interest = 8158.5 - 7400
= 758.5
hope it helps uu dear
principle = 7400
r = 5%
t = 2 half yrs
amount = 7400 ( 1 + 5/100) ^2
7400 × 21/20 × 21/20
8158.5
interest = 8158.5 - 7400
= 758.5
hope it helps uu dear
Answered by
3
Answer:
correct answer is 7774.625
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