Mathematics · Compound Interest
A sum of money is invested at 10% per annum compound interest compounded annually. It would fetch Rs. 523 more in 2 years if the interest were compounded half-yearly. Find the sum (rounded to the nearest integer).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 98,564
- 2Rs. 96,253
- 3Rs. 95,000✓
- 4Rs. 94,983
Correct answer
Rs. 95,000
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