Rtet Feb 2011 Q#97

0. What will be the compound interest of ~ 48000, at the rate of 10% for a period of 1 and half yr if the rate of interest is calculated on the basis of six months?

  • Option : B
  • Explanation : Given, a beginning amount 'P', the ending amount 'A' after '( number of years can be calculated as A = P (1 + _r_Y" lOOn) Where, r is the interest rate. and n is the number of compounding 111 a year. [ 100 )2,3/2 ff c!'(~ A = 48000 1 + ._-- 2 x 100
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