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Question 8Ashima took a loan of Rs 100000 at 12% per annum compounded half-yearly. She paid Rs 112360. If (1.06)2 is equal to 1.1236, then the period for which she took the Loan is(a) 2 yr(b) 1 yr(c) 6 months(d)112yr

Answer»

Question 8



Ashima took a loan of Rs 100000 at 12% per annum compounded half-yearly. She paid Rs 112360. If (1.06)2 is equal to 1.1236, then the period for which she took the Loan is

(a) 2 yr

(b) 1 yr

(c) 6 months

(d)112yr





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