Question

WY
(7) Find the amount and compound interest on R60,000 at the rate of 10% per annum
for 18 years when interest is compounded half yearly​

Answer 1

Step-by-step explanation:

You can find the compound interest only

Principal = 60000

Rate = 10 %

Time = 18 years

Si = prt/100

1. 60000 muntiply 10 muntiply 18

___________________________

100

Si = 10800

Amount = si +principle

= 108000 + 60000

= 168000 answer