A sum of Rs. 20,000 is invested for 15 months at the interest for 10% per annum compounded half yearly. What is the percentage gain, correct to once decimal place, at the end of 15 month?

A sum of Rs. 20,000 is invested for 15 months at the interest for 10%

1.	A sum of Rs. 20,000 is invested for 15 months at the interest for 10% per annum compounded half yearly. What is the percentage gain, correct to once decimal place, at the end of 15 month?
A.	12.55
B.	13.6%
C.	13.0%
D.	13.4%
Answer» D. 13.4%

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A sum of Rs. 20,000 is invested for 15 months at the interest for 10% per annum compounded half yearly. What is the percentage gain, correct to once decimal place, at the end of 15 month?

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