💥Join UPSC 2027,2028 Mentorship (June Batch) + Access XFactor Notes & Microthemes PDF

If Rs. 1000 is invested at 12% interest and interest is compounded half yearly, what will be the total amount at the end of one year

If Rs. 1000 is invested at 12% interest and interest is compounded half yearly, what will be the total amount at the end of one year ?

(a)

Rs. 1120.00

(b)

Rs. 1123.60

(c)

Rs. 1126.20

(d)

Rs. 1134.40

Answer:

Explanation