Question

Raghu invested rupees 8000 an interest rate of 12% per annum compounded semi annually what would he get after 1 year​

Answer 1

Answer:

semiannually R = 12/2 = 6%

T = 1*2 = 2 years .

A = 8000(1+6/100)² = 8000*53*53/50*50 = 8988.8 (Ans.)

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