A principal of Rs. 6120 becomes Rs. 8330 in 2 years when compounded annually at some rate of interest. How much will be the amount if the same principal was compounded half-yearly?

A principal of Rs. 6120 becomes Rs. 8330 in 2 years when compounded an

1.	A principal of Rs. 6120 becomes Rs. 8330 in 2 years when compounded annually at some rate of interest. How much will be the amount if the same principal was compounded half-yearly?
A.	Rs. 8430
B.	Rs. 8500
C.	Rs. 8300
D.	Rs. 8750
E.	None of these
Answer» B. Rs. 8500

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A principal of Rs. 6120 becomes Rs. 8330 in 2 years when compounded annually at some rate of interest. How much will be the amount if the same principal was compounded half-yearly?

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