An amount of Rs. 2,20,000 is invested for 1 year at 4% annual compound interest compounded half-yearly. Find the compound interest earned at the end of the year.
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) Rs. 9,364
- (B) Rs. 9,551
- (C) Rs. 8,648
- (D) Rs. 8,888
Verified Answer
Option (D): Rs. 8,888
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