If ₹1800 is invested at 20% annual compound interest rate while interest is compounded half-yearly, what will be the amount after 1 year?

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) ₹2178
2. (B) ₹2659
3. (C) ₹3012
4. (D) ₹1974

Verified Answer

Option (A): ₹2178

Practice complete mock tests for SSC, Banking & Railway exams at https://testx.in/questions/01a0bfa8-ce2f-7bbf-a628-e805189ffa1d/if-1800-is-invested-at-20