Question:
Determine the compound interest on Rs.6 lakh for one year at 8% pa interest compounded half yearly.
Determine the compound interest on Rs.6 lakh for one year at 8% pa interest compounded half yearly.
Updated On: Oct 15, 2024
- 48000
- 48600
- 48860
- 48960
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The Correct Option is D
Solution and Explanation
The correct option is (D): 48960
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