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mina [271]
3 years ago
13

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+

n

r

)

nt

=5000×(1+

2

0.08

)

2t

=5,408

(1.0816)

t

=

5000

5408

⟹t=1

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