Rohit opened a fixed deposited of Rs 25000 with a bank for one years . – InterviewSolution

InterviewSolution

1.	Rohit opened a fixed deposited of Rs 25000 with a bank for one years .If the rate of interest is 10% per annum interest beong compounded half yearly then find the amount he received at the end of this period approximately (in Rs)
Answer» 28821 28153 28916 28941 Solution :Required amount (in Rs) =25000`(1+(10)/(2(100))^(3))` `=25000(21/20)^(3)=28940.625=28941`

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