Interest Mcqs

Q.  An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

a. 7401.22
b. 3456
c. 4567
d. 7890


ANSWER: See Answer
 
No explanation is available for this question!
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