Suraj invested Rs 256 for one year in a fixed deposit scheme. If the rate of interest is 25% per annum compounded half-yearly, calculate the amount that he gets after one year.
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You will have to enter the date of opening of the FD, and then enter the amount of deposit which has to between Rs 500 and Rs 10 lakh. Thereafter, choose the frequency of the interest pay-out. For monthly and quarterly pay-outs, reinvestment, the duration has to be entered in days, months or years. The short term duration can be between 1-31 days.
Explanation:
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