Mr. Duggal invested Rs. 20000 with rate of interest @ 20% per annum. The interest was...
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Mr. Duggal invested Rs. 20000 with rate of interest @ 20% per annum. The interest was compounded half – yearly for the first 1 yr and in the next year it was compounded yearly. What will be the total interest earned at the end of 2 yr? 1. Rs. 8800 Rs. 9040 Rs. 8040 3. 4. Rs. 9800 5. None of these 2. Mr. Duggal invested Rs. 20000 with rate of interest @ 20% per annum. The interest was compounded half – yearly for the first 1 yr and in the next year it was compounded yearly. What will be the total interest earned at the end of 2 yr? 1. Rs. 8800 Rs. 9040 Rs. 8040 3. 4. Rs. 9800 5. None of these 2.
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Principle amount Rs 20000 Rate of interest 20 Since it is com... View the full answer
Related Book For
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
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