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Refer to the given information to answer Questions 4 and 5.:K8 000 is invested for 12 years at 12% pa. The interest is compounded half-yearly.:Calculate the amount after 12 years.

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解答

RefertothegiveninformationtoanswerQuestions4and5.:K8000isinvestedfor12yearsat12%pa.Theinterestiscompoundedhalf−yearly.:Calculatetheamountafter12years.

解答

Amount:32391.48
求解步骤
Translate the problem into an equation:A=8000(1+20.12​)2⋅12
8000(1+20.12​)2⋅12=32391.47713…
Round to the nearest hundredth:32391.48
Amount:32391.48

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