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.(full solution is given in the image just expalin how to find the 40 root of 1.0575)​

Answer 1

Answer:

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