Mr. Babar invests Rs. 150000 in a scheme for 8 years @ 6.5% compounded semi- annually. Find how much he gain at the end of 8 years
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P= Rs. 15000; R=10% p.a =5% per half-year; T=1 year =2 half-years.
∴ Amount =[15000×(1+
100
5
)
2
]
= Rs. (15000×
20
21
×
20
21
)
=16,537.50
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