Ten > Compound Interest
Dolma is 16 years old now. Her grandfather wants to deposit Rs. 50,000 in a bank so that she will withdraw the whole sum at the age of 18 years. While going to the bank there are two options as follows.
- Write the formula for finding semi-annual compound interest.
- If Dolma's grandfather deposits the sum in the bank according to the second option, how much amount will she get? Find it.
- Which option will you suggest to Dolma's grandfather? Give reason with calculation.
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