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

Answer:

compound interest=A(1+R/100)N

Step-by-step explanation:

hope this will help you

use this formula and solve it