1.

The compound interest on a certain sum for 2 years at 15% p. a. is Rs.7,282, interest being compounded 8-monthly. What will be the amount of the same sum at the same rate for the same duration, when the interest is compounded yearly?

A. Rs. 29,095
B. Rs. 28,540
C. Rs. 29,282
D. Rs. 26,620
Answer» B. Rs. 28,540


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