πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      A sum of money was invested at 10% interest per year,

      compounded half-yearly, for 18 months. If the amount payable on maturity was β‚Ή64,827, what was the sum invested?
      A β‚Ή55,600 Correct Answer Incorrect Answer
      B β‚Ή56,000 Correct Answer Incorrect Answer
      C β‚Ή56,800 Correct Answer Incorrect Answer
      D β‚Ή56,500 Correct Answer Incorrect Answer

      Solution

      The correct answer is B

      Practice Next
      More Previous year papers Questions

      Relevant for Exams:

      ask-question