Mathematics · Compound Interest
A sum of Rs. 9,000 amounts to Rs. 11,979 at x% p.a. in 112 years, interest compounded semiannually. What will be the compound interest on the same sum at the same rate for 2 years if the interest is compounded yearly?
- 1Rs. 3,960✓
- 2Rs. 3,860
- 3Rs. 3,890
- 4Rs. 3,980
Correct answer
Rs. 3,960
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