A person wishes to accumulate taka 150,000 by the end of 15 years by making equal half -yearly deposits over the next 15 years. If he/she earns 10% on the investment , how much must he/she deposit at the end of each half year?

A person wishes to accumulate taka 150,000 by the end of 15 years by making equal half -yearly deposits over the next 15 years. If he/she earns 10% on the investment , how much must he/she deposit at the end of each half year? Correct Answer 4545.4545

x + . 10x = 150000 x = 136363.6364 Half yearly capital = x÷30 = 4545.4545
Bissoy MCQ

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