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Answered by
1
Answer:
compound interest
P(1+r/100)to the power of years
7000(1+12/100)^¹.⁵
= 8297.076111
=8297.08
Answered by
1
Answer:
Compounded half yearly
P = 7000
T = 1 1/2. 3 times
R = 12/2 = 6
A = P {1+R }T
100
A = 7000 {1+6}3
100
A = 7000 × 106 × 106 × 106
100. 100 100
= 7 × 106 × 106 × 106
10 × 100
= 148877
125
1191 .0156
CI = A - P
= 7000 - 1191.0156
= 5808.9844
Step-by-step explanation:
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