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Q:

₹12,000 is lent for one year t the rate of 15% per annum, the interest being compounded annually. If the compounding of the interest is done half- yearly, then how much more interest will be obtained at the end of the one-year period on the same initial sum?

  • 1
    ₹72.5
  • 2
    ₹82.8
  • 3
    ₹60.5
  • 4
    ₹67.5
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Answer : 4. "₹67.5"

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