Mathematics · Compound Interest
An investment scheme offers 20% compound interest per annum, calculated on a half-yearly basis. A person deposits ₹6,600 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₹2,096
- 2₹2,168
- 3₹2,046✓
- 4₹2,134
Correct answer
₹2,046
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