Mathematics for FinancePYQ Dec 23Question 1253 of 422
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Mr. X makes a deposit of $50,000$ in the bank for a period $2.5$ years. If the rate of interest is $12\%$ per annum compounded half yearly, then the maturity value of the money deposited by Mr. X is: (where $(1.06)^5 = 1.3382$)

Options

A$66,910$
B$66,123$
C$67,925$
D$65,550$
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Correct Answer

Option a$66,910$

All Options:

  • A$66,910$
  • B$66,123$
  • C$67,925$
  • D$65,550$

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