Question

Given Ao = Php72 500
rate=10%
time=2 years
compounded semi-annually
what's the answer?

Answer 1

WHAT IS PHP

Answer 2

ohh its philipine peso

Answer 3

so principle=72.500

Answer 4

is that the answer?

Answer 5

i am asking you is that the given initial amount

Answer 6

yeah

Answer 7

for the first 6 months interest=PTR/100
p:principle
T:time in years
R:rate of interest
calculate and tell me i dont have a calculator now

Answer 8

then for the second 6 months principle becomes P+i
i=interest calculated
this repeated on and for every 6 months interest is added to principle

Answer 9

thanks for the help i got the right answer :D
you're such a great help!