Mathematics · Compound Interest
Rajveer has invested Rs. 16,000 at 10% p.a. for 1 year on compound interest, compounded half-yearly. The total amount received by him at the end of the year will be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 16,354
- 2Rs. 16,542
- 3Rs. 17,640✓
- 4Rs. 17,830
Correct answer
Rs. 17,640
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