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Rohan invested Rs. 80000 at the rate 10%...

Rohan invested Rs. 80000 at the rate 10% per annum for one year. If the interest is compounded halfyearly, then the amount received by Rohan at the end of the year will be :

A

(a) rs 88200

B

(b) rs 88000

C

(c) rs 90000

D

(d) rs 100000

Text Solution

Verified by Experts

The correct Answer is:
Rs. 88200
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