luvkpop73 luvkpop73

12-12-2021
Mathematics

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

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tlalanemosenye34 tlalanemosenye34

12-12-2021

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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