Mathematics · Compound Interest
A sum of Rs. 9,800 was invested for a year at 10% interest per annum, compounded half-yearly. What would be the interest payable at the end of the year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 980
- 2Rs. 1,005.60
- 3Rs. 1,003.50
- 4Rs. 1,004.50✓
Correct answer
Rs. 1,004.50
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