Mathematics
NULL
Medium
Question
Rs 5000 is invested at 8% p.a. compounded every six months. What is its value after 5 years?
A
7401.22
✓ Official correct answer
B
3456
C
4567
D
7890
Community credibility
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A
7401.22
No member explanations yet for this option.
B
3456
No member explanations yet for this option.
C
4567
No member explanations yet for this option.
D
7890
No member explanations yet for this option.
Explanation
Half-yearly rate = 4%; periods = 10. Amount = 5000 × (1.04)^10 ≈ 7401.22.