Mathematics for FinancePYQ Nov 20Question 1208 of 422
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Find the compound interest if an amount of $50,000$ is deposited in bank for one year at the rate of $8\%$ per annum compounded semi-annually.

Options

A$3,080$
B$4,080$
C$3,456$
D$7,856$
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Correct Answer

Option c$3,456$

All Options:

  • A$3,080$
  • B$4,080$
  • C$3,456$
  • D$7,856$

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