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Anonymous
CAT Preparation Community 3w ago QUANT 🔢
This question looks so easy and yet I am messing up again and again 😭😭😭😭
3
This question looks so easy and yet I am messing up again and again 😭😭😭😭
AmanFaculty 3w ago
Hi, Hope this helps
AmanFaculty 2w ago
so since it is compounded half yearly, 6 years becomes 12 half years therefore we assumed the time period as 12.
and similarly the interest for half the year becomes 4/2= 2 %.
Hope this helps
and similarly the interest for half the year becomes 4/2= 2 %.
Hope this helps
shruthi 2w ago
but the rate of interest is 4% right? why did we take 1.02 instead of 1.04?
