A certain sum becomes ₹31,944 in 2 years at 15% per annum compound interest, where interest is compounded every 8 months. If interest is compounded annually, what will be the amount (in ₹) payable on the same sum at the same rate and for the same period?
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) 33,001
- (B) 32,113
- (C) 31,740
- (D) 32,510
Verified Answer
Option (C): 31,740
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