Mathematics · Compound Interest
A sum of money lent at compound interest for two years at 12% per annum, compounded half-yearly would fetch ₹32.31 more than the interest payable annually. The sum of money (rounded to the nearest integer) is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹3,900
- 2₹4,000✓
- 3₹4,100
- 4₹4,200
Correct answer
₹4,000
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