Mathematics · Compound Interest
A sum of money was lent for 2 years at 20% compound interest per annum. If the interest were compounded half-yearly instead of yearly, it would have fetched Rs. 723 more. What is the sum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 48,000
- 2Rs. 30,000✓
- 3Rs. 35,000
- 4Rs. 50,000
Correct answer
Rs. 30,000
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