If Rs. 1000 is invested at 12% interest and interest is compounded half yearly, what will be the total amount at the end of one year ?

examrobotsa's picture
Q: 139 (IAS/1994)
If Rs. 1000 is invested at 12% interest and interest is compounded half yearly, what will be the total amount at the end of one year ?

question_subject: 

Maths

question_exam: 

IAS

stats: 

0,9,19,8,9,4,7

keywords: 

{'total amount': [0, 1, 0, 0], 'interest': [1, 3, 3, 15], 'year': [27, 4, 33, 49]}