Dinesh makes a fixed deposit of Rs. 50,000 in a bank, for one year. If the rate of interest is `12%` per annum, componded half-yearly, then find the maturity value.A. Rs. 66,125B. Rs. 56,180C. Rs. 57.500D. Rs. 63,250

Dinesh makes a fixed deposit of Rs. 50,000 in a bank, for one year. If

1.	Dinesh makes a fixed deposit of Rs. 50,000 in a bank, for one year. If the rate of interest is `12%` per annum, componded half-yearly, then find the maturity value.A. Rs. 66,125B. Rs. 56,180C. Rs. 57.500D. Rs. 63,250
Answer» Correct Answer - B `(i)A=P(1+(r)/(100))^(r)` `(ii) Given, P=Rs.500,000,` n=2 hald=years, `R=6%` per half-year. (iii) Use, `A=(1+(R)/(100))^(n)` find the maturity value (A).

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Dinesh makes a fixed deposit of Rs. 50,000 in a bank, for one year. If the rate of interest is `12%` per annum, componded half-yearly, then find the maturity value.A. Rs. 66,125B. Rs. 56,180C. Rs. 57.500D. Rs. 63,250

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