A) 10,000
B) 12,000
C) 11500
D) 10050
Correct Answer: A
Solution :
(a): Semi-annually \[\therefore \]yrs = 3 half years Also, interest rate for \[1\frac{1}{2}\] yrs = 6% Sum be 'S'. \[\therefore 11910.16=S\left[ {{(1.06)}^{3}} \right]\] \[S=\frac{11910.16}{1.191016}=10000/-\]You need to login to perform this action.
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