Mathematics · Compound Interest
Radha takes a loan of Rs. 4,00,000 at 14% per annum compound interest, compounded half-yearly. What is the interest that she repays after 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,24,324.40
- 2Rs. 1,24,398.40
- 3Rs. 1,24,318.40✓
- 4Rs. 1,24,375.40
Correct answer
Rs. 1,24,318.40
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