Interest is earned at 20% per annum (compounded half-yearly). ₹4,000 is invested on 1 January and ₹5,500 on 1 July of the same year. Find the total interest earned at the end of the year.

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) ₹1,390
2. (B) ₹1,240
3. (C) ₹1,350
4. (D) ₹1,280

Verified Answer

Option (A): ₹1,390

Practice complete mock tests for SSC, Banking & Railway exams at https://testx.in/questions/01a0bf8d-2f5b-7c9e-a14e-9c86503c3631/interest-is-earned-at-20-per