Question

find the amount and the compoud interest on r 12800 for 1year at 15/2% per annum, compounded semi- annually.

Answer 1

amount =14792 ci=1992

Answer 2

compound interest, A = p (1 + (r/n) )^(nt)
where p=pricipal, r=rate, n=number of compounding periods t=years

A = 12800 ( 1 + (0.075/2))^2
A = 13778

Answer 3

14792