What sum of money will amount to 8000 in one and a half years at 5% per annum compounded half yearly ?
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A = 8OOO( 1 + 2.5\1OO )³
A = 8OOO( 1 + 25\1OOO )³
A = 8OOO(41\4O)³
A = 8615.125 ( Ans )
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