Question

Himachal Pradesh State Electricity Board issued in
July 1988, 20 year bonds worth 6.25 crore. The
issue price of each bond is 100 and it carries an
annual interest of 11.5%, compounded half-yearly.
Jasbir invested 5000 in these bonds. Find the
amount that he gets on maturity of the bonds in
2008​

Answer 1

Himachal Pradesh State Electricity Board issued in

July 1988, 20 year bonds worth 6.25 crore. The

issue price of each bond is 100 and it carries an

annual interest of 11.5%, compounded half-yearly.

Jasbir invested 5000 in these bonds. Find the

amount that he gets on maturity of the bonds in

2008