when 5000 is compounded semi annually for 1 year at 8% amount will be ...... after an year
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The answer is 5408
For semiannualy the rate would be halved
And for 1 year..it would be divided into two parts
I.e two 6 months
Therefore
5000 { 1+4/100} sq
For semiannualy the rate would be halved
And for 1 year..it would be divided into two parts
I.e two 6 months
Therefore
5000 { 1+4/100} sq
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