Multiple choice

A sum of Rs.150000 is deposited in a bank at an interest rate of 14% per annum. If the interest is compounded half yearly, find the amount received at the end of 1 year (approximately) बैंक में प्रति वर्ष 14% की ब्याज दर पर 150000 रुपये की राशि जमा की जाती है। यदि ब्याज छमाही रूप से संयोजित है, तो 1 वर्ष (लगभग) के अंत में प्राप्त राशि ज्ञात कीजिए?

  1. Rs.178270

  2. Rs.172200

  3. Rs.171735

  4. Rs.176260

  5. Rs.177300
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C Correct answer
Explanation

With half-yearly compounding, the annual rate of 14% is split into two periods of 7% each. The formula becomes A = P(1 + r/2)^(2t), which gives 150000 × 1.07^2 = 150000 × 1.1449 ≈ 171735. Options A, B, D, and E are incorrect as they don't account for the proper compound interest calculation.

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