Mathematics · Interest
If the interest is compounded half-yearly, what principal amount will become Rs. 8474.40 in 1 year at 40% per annum compound interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 5970
- 2Rs. 5885✓
- 3Rs. 6870
- 4Rs. 5870
Correct answer
Rs. 5885
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