A sum of Rs. 60,000 is invested for 1 year at 4% annual compound interest, compounded half-yearly. What is the compound interest earned at the end of the year?
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) Rs. 2,424
- (B) Rs. 3,244
- (C) Rs. 3,102
- (D) Rs. 2,999
Verified Answer
Option (A): Rs. 2,424
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