Q) Nita has deposited Rs.25,000 in a deposit scheme which gives 8% p.a.(per annum) compounded half-yearly.How much amount will she get back at the end of 1 year 6 months to the nearest rupee?
(Require appropriate solution along with stepwise explanation).
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Answer:
Interest Earned ₹ 2,000
Principal Amount ₹ 25,000
Total Value ₹ 27,000
Step-by-step explanation:
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