Mathematics · Compound Interest

Ramu borrowed ₹ 2000 from Shammu for 2 years at a interest rate of 10% per annum compounded half-yearly. At the end of 2 years, how much total amount will Ramu return to Shammu?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹ 2,928.20✓
2₹ 2,700.00
3₹ 2,600.00
4₹ 2,500.00

Correct answer

₹ 2,928.20

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Ramu borrowed ₹ 2000 from Shammu for 2 years at a interest rate of 10% per annum compounded half-yearly. At the end of 2 years, how much total amount will Ramu return to Shammu?

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Ramu borrowed ₹ 2000 from Shammu for 2 years at a interest rate of 10% per annum compounded half-yearly. At the end of 2 years, how much total amount will Ramu return to Shammu?

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