If ₹6,20,000 is invested for one year at 2% annual interest compounded half-yearly, find the compound interest.

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) ₹13,795
2. (B) ₹12,462
3. (C) ₹11,667
4. (D) ₹10,682

Verified Answer

Option (B): ₹12,462

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