Mathematics · Compound Interest
Ramu borrowed ₹ 2,000 from Shammu for two years at 10% per annum interest compounded half-yearly. What total amount will Ramu repay at the end of two years? (rounded to the nearest rupee)
- 1₹ 2,800
- 2₹ 2,600
- 3₹ 2,500
- 4₹ 2,431✓
Correct answer
₹ 2,431
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