CUET Preparation Today
What amount is received at the end of every 6 months forever, if Rs 72000 kept in a bank earns 8% per annum compounded half yearly ? |
₹2700 ₹2750 ₹2880 ₹2820 |
₹2880 |
The correct answer is option (3) : ₹2880 Given $P= ₹72000$ $r=\frac{8}{2}\text{%}=4\text{%} $ per half year $i=\frac{4}{100}= 0.04$ So, $R= P×i$ $=7200×0.04$ $= ₹2880$ |
