Mathematics · Compound Interest
A sum of money is lent out at a compound interest rate of 20% per annum, compounding annually for two years. It would fetch ₹3,133 more interest if the interest were compounded half-yearly. Find the sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 65,000
- 2Rs. 1,30,000✓
- 3Rs. 13,000
- 4Rs. 1,20,000
Correct answer
Rs. 1,30,000
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