The compound interest on a principal of ₹10000 for 2 years is ₹2544, with interest compounded annually. If the interest rate is halved and the time period is doubled, what will be the compound interest (in ₹, to the nearest paise)?

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) 2624.77
2. (B) 2724.67
3. (C) 2642.77
4. (D) 2742.67

Verified Answer

Option (A): 2624.77

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