Question:
What is the total amount received after 1 year if a sum of 36,875 is invested at the annual interest rate of 16% compounded half yearly?
What is the total amount received after 1 year if a sum of 36,875 is invested at the annual interest rate of 16% compounded half yearly?
Updated On: Oct 25, 2024
- 43,001
- 43,011
- 43,021
- 43,031
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The Correct Option is B
Solution and Explanation
The correct answer is (B);43,011
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