Mathematics · Compound Interest
What is the compound interest on Rs. 16,000 for 12 months at 24% per annum, if the interest is compounded semi-annually?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 3,058.45
- 2Rs. 4,123.25
- 3Rs. 3,970.30
- 4Rs. 4,070.40✓
Correct answer
Rs. 4,070.40
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