Mathematics · Compound Interest
The compound interest on a certain sum at 20% per annum for 2 years is Rs. 2640. If the interest is compounded half-yearly on the same sum at the same rate, find the total amount received after 1 year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 6960
- 2Rs. 6900
- 3Rs. 7260✓
- 4Rs. 6600
Correct answer
Rs. 7260
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