1.

Raju makes a deposit of Rs. 50000 in the SBI for a period of 5/2 years. If the rate of interest is 20% per annum compounded half-yearly. Find the maturity value of the money deposited by him?1). 81525.502). 1244163). 80525.504). 79565.75

Answer»

rate of interest is 20% COMPOUNDED half-yearly

Rate of interest compounded annually = 10% and t will be 5 years

MATURITY value of MONEY at the end of 5/2 years

⇒ 5000(1 + 10/100)5 = 50000 (11/10)5

∴ Maturity value = 80525.50


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