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Joseph borrows 100000 from his sister Katie at an annual interest of 10%. If the interest is compounded twice a year, how much does he owe after 12 months?

Joseph borrows 100000 from his sister Katie at an annual interest of 10%. If the interest is compounded twice a year, how much does he owe after 12 months?
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3 votes
Joseph borrows 100000 from his sister Katie at an annual interest of 10%. If the interest is compounded twice a year, how much does he owe after 12 months?

User Ketan Parmar
by
7.6k points

2 Answers

6 votes
After 12 months it will be 328.7
User Saurav Rastogi
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8.1k points
3 votes
After 12 months it will be 328.7
User Zeni
by
7.7k points
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