Mathematics · Compound Interest
The compound interest on a certain sum at 15% p.a. in 2 years is Rs. 4,837.50, interest compounded yearly. What will be the amount of the same sum at the same rate and for the same time, if the interest is compounded 8-monthly?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 19,965
- 2Rs. 21,296✓
- 3Rs. 19,275
- 4Rs. 19,300
Correct answer
Rs. 21,296
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