MCQOPTIONS
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| 1. |
For calculation of interest compounded half yearly, keeping the principal same, which of the following is the method to calculate final amount. |
| A. | double the given annual rate and half the given no. of years in the formula. |
| B. | double the given annual rate as well as the given number of years in the formula. |
| C. | half the given annual rate as well as the given number of years in the formula. |
| D. | half the given annual rate and double the given number of years in the formula. |
| Answer» B. double the given annual rate as well as the given number of years in the formula. | |