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P= Rs.300
n= 2×12=24
R = 10%
maturity value = nP + PRn (n+1)/2400
= Rs. (24×300 + 300×10×24 (24+1)/2400)
=Rs. (7200 + 72000×25/2400)
=Rs. (7200 + 750)
=Rs.7950
hope this helps....
n= 2×12=24
R = 10%
maturity value = nP + PRn (n+1)/2400
= Rs. (24×300 + 300×10×24 (24+1)/2400)
=Rs. (7200 + 72000×25/2400)
=Rs. (7200 + 750)
=Rs.7950
hope this helps....
thanks..
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