A sum of ₹10,000 is invested for 2 years at an annual interest rate of 20% compounded half-yearly. Find the compound interest earned at the end of 2 years. (Use (1.10)^4 = 1.4641)
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) ₹4,660
- (B) ₹4,440
- (C) ₹4,641
- (D) ₹4,461
Verified Answer
Option (C): ₹4,641
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