A sum of ₹5,000 is invested at 10% per annum compound interest for 1 year, with interest compounded half-yearly. Find the compound interest earned (in ₹).
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) 575.50
- (B) 505.50
- (C) 512.50
- (D) 530.50
Verified Answer
Option (C): 512.50
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