Mathematics · Compound Interest
A sum of Rs. 10,500 amounts to Rs. 12,705 in 2 years at x% p.a., when interest is compounded annually. To what amount (in Rs.) will the same sum grow at 2x% p.a. in 11/2 years, when interest is compounded half-yearly?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 119,753.25
- 213,975.50✓
- 317,395.75
- 411,297.00
Correct answer
13,975.50
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