Mathematics · Compound Interest
The compound interest on a sum at 20% per annum for 2 years is Rs. 3,520. If the interest is compounded half-yearly at the same rate, what is the total amount received after 1 year on the same principal?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 6,960
- 2Rs. 6,900
- 3Rs. 7,260
- 4Rs. 9,680✓
Correct answer
Rs. 9,680
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