Mathematics · Compound Interest
An investment scheme offers 20% compound interest per annum, calculated on a half-yearly basis. A person deposits ₹4,200 each on 1 January and 1 July of a year. What is the total interest earned at the end of the year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,302✓
- 2₹1,338
- 3₹1,428
- 4₹1,432
Correct answer
₹1,302
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