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) Dara invests $800 at 12.5% per annum compound
interest compounded half- yearly .What in his amount of
interest at the end of the first year?

Respuesta :

rukksrh

answer: $1,012.50

Step-by-step explanation:

12.5 ÷ 100 = 0.125

0.125 × 800 = 100

800 + 100= 900 ( half-yearly interest)

0.125 × 900 = 112.5

900 + 112.5 = $1,012.50 ( end of first year interest)

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