Mathematics · Compound Interest
The sum of money which when given on compound interest at 20% per annum would fetch Rs. 1,205 more when the interest is payable half-yearly than when it was payable annually for 2 years is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 50,000✓
- 2Rs. 45,000
- 3Rs. 40,000
- 4Rs. 42,000
Correct answer
Rs. 50,000
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