Mr.x bought an electronic item for 1000. what would be the future value of the same item after 2 years, if the value is compounded semiannually at the rate of 22% per annum?
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Answered by
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Answer:
110 is the price after 2 years
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Step-by-step explanation:
Formula
A = p ( 1+i /100/2) 2n
1000( 1+22/100/2) 2×2
= 1518.07
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