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3 years ago

11

Vasudevan invested rupees 60000 at an interest rate of 12% per annum compounded half yearly what amount would he get after 6 mon

ths?

1 answer:

Luda [366]3 years ago

5 0

Answer:

Fv = Pv(1 + i/m ) n×m

=60 000(1 + 0.12/2) 1×2

=60 000(1.06) ²

=60 000×1.1236

=67 416

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