Nita has deposited Rs.567,000 in a deposit scheme which gives 11% p.a.(per annum) compounded half-yearly.How much amount will she get back at the end of 2 year ,5 months to the nearest rupee?
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Answered by
0
Answer:
Sum =Rs.7500
Time = 6 months =
2
1
year
Rate =8%
Compounded quarterly
A=Sum(1+
100
R/4
)
4T
=7500(1+
400
8
)
4×
2
1
=7500(1+
50
1
)
2
=7500×
50
51
×
50
51
=3×51×51=Rs.7803 (Answer)
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0
Answer:
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