Mathematics for FinancePYQ Dec 23Question 1253 of 479
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Mr. X makes a deposit of 50,000\displaystyle 50,000 in the bank for a period 2.5\displaystyle 2.5 years. If the rate of interest is 12%\displaystyle 12\% per annum compounded half yearly, then the maturity value of the money deposited by Mr. X is: (where (1.06)5=1.3382\displaystyle (1.06)^5 = 1.3382)

Options

A66,910\displaystyle 66,910
B66,123\displaystyle 66,123
C67,925\displaystyle 67,925
D65,550\displaystyle 65,550
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Correct Answer

Option a66,910\displaystyle 66,910

All Options:

  • A66,910\displaystyle 66,910
  • B66,123\displaystyle 66,123
  • C67,925\displaystyle 67,925
  • D65,550\displaystyle 65,550

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