R52000 for 5 years at 10% interest,compounded half yearly.
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Answer:
202
Step-by-step explanation:
s 5,000 for 1 year at 4% compounded semi-annually.
P = 5,000
n = 1
R = 4
A = P(1 + R/2×100)2n
A = 5,000x(1 + 4/2×100)2×1
=5000x(1.02)2
= 5,202
Compound interest = Amount – Principal
=5,202 – 5,000
= 202
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