alleryStart learning →₹1,000 earns 20% per year compounded half-yearly for one year. What is its final amount?
A₹1,440
B₹1,220
C₹1,200
D₹1,210
Answer & Solution
Correct answer: D. ₹1,210
Each half-year earns 10%, so the amount is 1000 × 1.1 × 1.1 = ₹1,210.
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