compounded half-yearly.
13. The simple interest on a sum of money for 2 years at 10% p.a. is * 1700. Find :
(i) the sum of money,
(ii) the compound interest on this sum for 1 year, payable half-yearly at the same rate of simple interest method.
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Answer:
I Hope you find it easy
Step-by-step explanation:
i) 8500
ii) 9371.25