Q18. Kanika invested Rs. 60,000 at
an interest rate of 12% per annum
compounded half yearly. What
amount would he get after 1 year?
O Rs. 63,600
O Rs. 67,200
O Rs. 75,264
O Rs: 67,416
Answers
Answered by
1
Answer:- option d. 67,416
Amount 1 = P( 1 + R/n.100 = compound duration
= 60000 ( 1 + 12/200 )
= 63600
Amount 2 = 60000 ( 1 + 12/200 )
= 67,416.
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