. What sum will give Rs. 1634.00 as
compound interest at 12.5% in 18 months
interest being compounded half yearly.
Answers
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Answer:
Calculate:
Total P+I (A)
Where: A = P(1 + r/n)^(nt)
Principal (P): $
1,634.00
Rate (R): %
annual
12.5
Compound (n): Compounding Semi-Annually (2/Yr)
Time (t in years): 1.5
Answer:
A = $ 1,959.92
A = $ 1,959.92A = P + I where
A = $ 1,959.92A = P + I whereP (principal) = $ 1,634.00
A = $ 1,959.92A = P + I whereP (principal) = $ 1,634.00I (interest) = $ 325.92
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