Mathematics for FinancePYQ Jan 21Question 1213 of 422
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Find the amount of compounded interest, if an amount of $50,000$ is deposited in a bank for one year at the rate of $8\%$ per annum compounded semiannually

Options

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

Option b$4,080$

All Options:

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

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