A sum of ₹12,500 is deposited for $1 \frac{1}{2}$ years, compounded half yearly. It amounts to ₹13,000 at the end of first half year. Find:
(i) The rate of interest
(ii) The final amount. Give your answer correct to the nearest rupee.
View full solution →(i) The rate of interest
(ii) The final amount. Give your answer correct to the nearest rupee.