1.

A sum of money is invested at 20% compound interest (compounded annually). It would fetch Rs. 723 more in two years if interest is compounded half-yearly. The sum is

A. Rs. 15,000
B. Rs. 30,000
C. Rs. 20,000
D. Rs. 7,500
Answer» C. Rs. 20,000


Discussion

No Comment Found

Related MCQs