Mathematics · Compound Interest
An amount of money fetches ₹ 1,620 more interest if compound interest at 18% per annum is payable half-yearly instead of yearly for one year. Find the principal amount.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 1,80,000
- 2₹ 2,00,000✓
- 3₹ 2,50,000
- 4₹ 3,00,000
Correct answer
₹ 2,00,000
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