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Question
When principal P is compounded semi-annually at r % per annum for t years, then amount ______.
Solution
When principal P is compounded semi-annually at r % per annum for t years, then amount `underlinebb(A = P(1 + r/200)^(2t))`.
Explanation:
When principal P is compounded semi-annually at r% per annum for t years.
i.e. Rate `r/2` and time = 2 × t
Then, amount = Principal `(1 + "Rate"/200)^(2 xx "Time")`
i.e. `A = P(1 + r/200)^(2t)`
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