Mathematics · Compound Interest
The amount of a certain sum in 2 years at 20% p.a. is Rs. 7776, interest compounded yearly. What will be the amount of the same sum in 112 years at the same rate of interest, compounded half-yearly? (Nearest to a rupee)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 7,085
- 2Rs. 7,285
- 3Rs. 7,178
- 4Rs. 7,187✓
Correct answer
Rs. 7,187
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