Mathematics · Compound Interest
A deposited Rs. 62,500 at the rate of 8% per annum compounded half-yearly. What is the compound interest at the end of two years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 10,616.16✓
- 2Rs. 10,821.18
- 3Rs. 12,171.72
- 4Rs. 18,161.12
Correct answer
Rs. 10,616.16
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