please,explain me half yearly and anually compound intrest with example
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Answer:
formula for half yearly compount interest=A=P[1+r/400]4n
formula for anually compound interest =AP[1+r/100]n
Step-by-step explanation:
p=principal
r=rate of interest
n=time period
in half yearly r is divided by 400 and the power is 4n and in anually compound interest r is divided by 100 and the power is n
example of anually
after 2years at the rate of 4.8% per annum compounded anually the amount is 125000.find the initial amount
a sum of rupees 25000 was lent at 10% per annum for 6 months .find the amount when the interest is being compounded half yearly
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