alleryStart learning →At 10% per year, ₹4,000 is compounded every half-year for one year. Amount?
A₹4,410
B₹4,400
C₹4,420
D₹4,800
Answer & Solution
Correct answer: A. ₹4,410
Two half-year periods at 5% give ₹4,000 × 1.05² = ₹4,410.
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