A sum of ₹25,000 becomes ₹29,160 in 1 year when interest is compounded half-yearly. If the interest rate remains the same, how much interest will be earned on ₹18,000 in 1 year when compounded annually?
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) ₹3,080
- (B) ₹1,440
- (C) ₹1,760
- (D) ₹2,880
Verified Answer
Option (D): ₹2,880
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