SOLUTION: If Rs. 15000 is deposited in a bank account for 5 years, what is the future value assuming 12% interest rate compounded semiannually?
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Question 602794: If Rs. 15000 is deposited in a bank account for 5 years, what is the future value assuming 12% interest rate compounded semiannually? Answer by ewatrrr(24785) (Show Source):
Hi,
If Rs. 15000 is deposited in a bank account for 5 years, what is the future
value assuming 12% interest rate compounded semiannually?
A= |Note: r = .12 , m = 2 and t = 5
A=
= Rs. 26,862.72
