3 years ago

Question 28

Mathematics

1 answer:

alexandr402 [8]3 years ago

7 0

Answer:

Given Rate of interest is r=8%=0.08

Principal Amount is A=5,000

Time is t years

Interest is compounded yearly twice ⟹n=2

Amount =P(1+

)

=5000×(1+

0.08

)

=5,408

(1.0816)

5000

5408

⟹t=1

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