Q8Multiple choice
Ashima took a loan of Rs 1,00,000 at 12% p.a. compounded half- yearly. She paid Rs 1,12,360. If (1.06)2 is equal to 1.1236, then the period for which she took the loan is
- (a)2 years
- (b)1 year
- (c)6 months
- (d)1 years
Show answer
(b) 1 year