A certain sum becomes ₹1,08,864 in two years at an annual rate of 40% when interest is compounded half-yearly. If interest is compounded annually, what would be the amount (in ₹) payable on the same sum at the same rate and for the same time?
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) 1,07,300
- (B) 1,08,200
- (C) 1,07,600
- (D) 1,02,900
Verified Answer
Option (D): 1,02,900
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