2 apex:)))
800 x (1.04)6 ie Rs1012.26
Semiannually means occurring twice a year, typically at six-month intervals. For example, if an event is scheduled to happen semiannually, it might take place once in January and again in July. This term is often used in contexts such as financial reporting, interest payments, and company meetings.
1200
It is 20000*(1.07)^60 = 1158928.54
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)
Semiannually means occurring twice a year, typically at six-month intervals. For example, if an event is scheduled to happen semiannually, it might take place once in January and again in July. This term is often used in contexts such as financial reporting, interest payments, and company meetings.
It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.
13.96%
It is 1.135^2 - 1 = 28.8%
$5,249.54