Mathematics · Compound Interest
Sudama borrowed Rs. 3,475 at 40% annual interest, compounded semi-annually. How much interest did Sudama have to pay when he repaid the loan at the end of one year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,390
- 2Rs. 1,539
- 3Rs. 1,380
- 4Rs. 1,529✓
Correct answer
Rs. 1,529
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