Mathematics · Interest
A person borrows a sum from a finance company and has to pay it back in two equal half-yearly instalments of ₹5,547 each. If the interest is charged by the company at the rate of 15% p.a. compounded half-yearly, the total interest (in ₹) paid by him was:
- 11124
- 21028
- 31210
- 41134✓
Correct answer
1134
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