2 apex:)))
800 x (1.04)6 ie Rs1012.26
1200
It is 20000*(1.07)^60 = 1158928.54
It will be 726.
Interest is compounded semiannually if the interest is calculated every six months and added to the capital.
2 apex:)))
Semiannually over two years is equivalent to 4 periods. If the interest is 12% every 6 months, then the amount of interest is It is 8000*[(1.12)4 -1] =4588.15
800 x (1.04)6 ie Rs1012.26
Their rates of return are generally comparable to other forms of savings and accrue interest monthly and compound semiannually.
Interest is usually paid semiannually.
(1.035)16 = 1.73398604 $500 ===> $866.99 (rounded)
It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.
It is 1.135^2 - 1 = 28.8%
13.96%
$5,249.54
1200