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Chxrlix

Percentages

A sum of $4000 is deposited in a bank at an interest rate of 8% p.a. for 5 years. If the interest is compound half-yearly, find the interest earned in the second year.

解答 0

  • eric
    2019-09-28 21:44:18
    4000×1.04^4-4000×1.04^2
  • Chxrlix
    2019-09-29 12:43:44
    Why is it 1.04?
    •  eric 2019-09-28 21:44:18
    • 4000×1.04^4-4000×1.04^2
  • eric
    2019-09-30 21:51:21
    1+8%/2
    •  Chxrlix 2019-09-29 12:43:44
    • Why is it 1.04?
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