Mathematics · Compound Interest
Sachin invested ₹15,700 at 20% p.a. for 1 year at compound interest, compounded half-yearly. The amount received by him after 1 year is:
- 1₹18,997✓
- 2₹19,749
- 3₹18,082
- 4₹18,586
Correct answer
₹18,997
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