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
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Answered by
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
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5
Answer:
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