A certain sum amounts to Rs. 15,500 in 2 years at 12% p.a. simple interest. The same
Fantastic news! We've Found the answer you've been seeking!
Question:
A certain sum amounts to Rs. 15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in 1½ years at 10% p.a., if the interest is compounded half yearly (nearest to Re. 1)?
(A) Rs. 14,470
(B) Rs. 15,125
(C) Rs. 14,360
(D) Rs. 13,460
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: