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
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Answered by
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Step-by-step explanation:
You can find the compound interest only
Principal = 60000
Rate = 10 %
Time = 18 years
Si = prt/100
- 60000 muntiply 10 muntiply 18
___________________________
100
Si = 10800
Amount = si +principle
= 108000 + 60000
= 168000 answer
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