Question

If the interest is compounded half yearly calculate the amount when the principal is rupees 7400 the rate of interest is 5% per annum and the duration is one year

Answer 1

principal =7400

rate =5/2%

time = 2 half years

amount =p(1+r/100)

7400(1+5/2*100)=7400(1+5/200)=7400*205/200=

37*205=7585

ci =7585-7400=rupees 7185 answer

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Answer 2

Answer:

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