Mathematics · Compound Interest
What is the difference between the compound interest on a sum of ₹16,000 invested for 112 years at 20% p.a. when interest is compounded half-yearly and when it is compounded yearly?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹196
- 2₹182
- 3₹180
- 4₹176✓
Correct answer
₹176
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