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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
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Jan 17, 2022
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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
Options:
(a) 2 years
(b) 1 year
(c) 6 months
(d) `1 1/2` years
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