Question

a man length RS 50,000 at compound interest at 8% per annum if the interest was renamed half yearly what amount will be received at the end of 2 years

Answer 1

Answer: Rs. 58,492.928

Step-by-step explanation:

Principle =Rs.50000

Rate = 8% = 4% per half yr

Time = 2yrs = 4 half-yrs

Amount = [50000*(1+4/100)^4]

= 50000*104/100*104/100*104/100*104/100

= Rs. 58,492.928

Answer 2

Answer:

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