Mathematics · Compound Interest
If interest is being compounded half-yearly, then what sum will amount to Rs. 51,840 in 2 years at the rate of 40 percent per annum on compound interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 30,000
- 2Rs. 20,000
- 3Rs. 15,000
- 4Rs. 25,000✓
Correct answer
Rs. 25,000
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