Raghu invested rupees 8000 at an interest rate of 12% per annum compounded semi annually what would he get after 1 year
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Answer:
A =P (1+r/200) 2
A = 8000 (1 +6/i00.) 2
= 8000x(106/100) 2
= Rs 8988.80
After 1 year he will get Rs 8988.80
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