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A bank pays 8% per annum compounded half-yearly. Suresh deposits Rs 5000.
Find the amount after 1 year.

Class 8Compound InterestComparing Quantities
  • ARs 5408
  • BRs 5400
  • CRs 5416
  • DRs 5440

Step-by-Step Solution

Half-yearly: 4% per half-year, 2 periods. Rs 5408.
Answer: A) Rs 5408

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