Mathematics · Compound Interest
What will be the compound interest on Rs. 50,000 for 18 months at the rate of 8% per annum, compounded half-yearly?
- 1Rs. 6283.20
- 2Rs. 6343.20
- 3Rs. 6000.00
- 4Rs. 6243.20✓
Correct answer
Rs. 6243.20
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