In how many years will a sum of ₹64,000 become ₹74,088 at an annual interest rate of 10% (where interest is compounded half-yearly)?

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) 1½
2. (B) 1¼
3. (C) 2½
4. (D) 2¼

Verified Answer

Option (A): 1½

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