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abki bar modi sarkar

· started a discussion

· 1 Months ago

error (Question: 191161.0 )

in english language compound intrest is given but in hindi there is no discription about which type of intrest should be applied

Question:

A certain sum invested at 4% per annum compounded semi-annually amounts to Rs.7803 at the end of the year. Then the sum is – 

Options:
A) ' 7508
B) ' 7550
C) ' 7500
D) ' 7513
Solution:
Ans: (c) 


Knowledge Expert

· commented

· 1 Months ago

If interest is compounded annually, then its obvious that CI will be applied there.
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