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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 |
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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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