Determine the compound amount and compound interest on ₹ 1000 at 6% compounded semi-annually for 6 years. Given that (1 + i) n = 1.42576 for i = 3%…
CA Foundation · Quantitative Aptitude · MTP · June 2024
Determine the compound amount and compound interest on ₹ 1000 at 6% compounded semi-annually for 6 years. Given that (1 + i) n = 1.42576 for i = 3% and n = 12 :
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 1425, 425
Topics: Part-A: Business Mathematics
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