A man invested Rs.80,000 at 5% p.a. compounded half- yearly. After 1 year he will get _____
options :
A) Rs.82,500
B)Rs.84,050
C)Rs.84,000
D)Rs.82,000
Answers
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Step-by-step explanation:
A= P { 1+ R/200} ^n
A = 80,000 { 1 + 5/ 200 } ²
A= 80,000 × 205 / 200 × 205 / 200
A= 84050 Rs.
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