Question

The present value of 10,000 due in 2 years at 5% p.a. compound interest when the
interest is paid on half-yearly basis is
(a) 9,070
(b) 9,069
c ) 9061
(d) None
​

Answer 1

Answer:

Option 1) 9070

Step-by-step explanation:

The present value rupees 10000 due in 2 years at 5% per annum compound interest when the interest is paid on yearly basis is. The correct answer is 9070 but pleaazzz anyone tell me how to solve it even im not understanding question.

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