If the interest is compounded half-yearly, calculate the amount when the principal is Rs. 7,400; the rate of interest is 5% per annum and the duration is one year.

If the interest is compounded half-yearly, calculate the amount when t

1.	If the interest is compounded half-yearly, calculate the amount when the principal is Rs. 7,400; the rate of interest is 5% per annum and the duration is one year.
Answer» If the interest is compounded half-yearly, calculate the amount when the principal is Rs. 7,400; the rate of interest is 5% per annum and the duration is one year.