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Question -

Vasudevan invested ₹ 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get
(i) after 6 months?
(ii) after 1 year?



Answer -

(i) Given: P = ₹ 60,000, R = 12% p.a. compounded half yearly
 
Hence, the required amount = ₹ 67416

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