Mathematics · Compound Interest
A certain sum amounts to ₹27,440 in 2 years at 12% per annum compound interest. What will be the approximate compound interest (in ₹) on the same sum for the same period at double the rate of interest, if the interest is compounded half-yearly?
- 110,465
- 212,546✓
- 311,456
- 410,645
Correct answer
12,546
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