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Q:

If interest be compounded half-yearly, then find the compound interest on ₹8,000 at the rate of 20% per annum for 1 year. 

  • 1
    ₹1,675
  • 2
    ₹1,690
  • 3
    ₹1,685
  • 4
    ₹1,680
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Answer : 4. "₹1,680"

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