Mathematics · Compound Interest
A man deposited Rs. 5,000 in a bank which offers 12% per annum interest compounded half-yearly. How much total amount will he get back after one year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 5,318
- 2Rs. 5,618✓
- 3Rs. 6,000
- 4Rs. 5,300
Correct answer
Rs. 5,618
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