Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Financial MathematicsSimple and Compound Interest
If principal = Rs $1{,}00{,}000$, rate of interest = $10\%$ compounded half-yearly, find the amount after one year.
- A.Rs $1{,}10{,}000$
- B.Rs $1{,}10{,}250$Correct answer
- C.Rs $1{,}10{,}500$
- D.Rs $1{,}21{,}000$
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Practice these MCQs in the appQuick fact: The amount after one year at $10\%$ compounded half-yearly on Rs $1{,}00{,}000$ is Rs $1{,}10{,}250$.