Mathematics · Compound Interest

How much will a principal sum of ₹60,000 become after one year if the interest is compounded half-yearly at a rate of 18% per annum?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹70,471
2₹71,286✓
3₹71,391
4₹72,166

Correct answer

₹71,286

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How much will a principal sum of ₹60,000 become after one year if the interest is compounded half-yearly at a rate of 18% per annum?

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How much will a principal sum of ₹60,000 become after one year if the interest is compounded half-yearly at a rate of 18% per annum?

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