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      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 ₹64,827, what was the sum invested?
      A ₹55,600 Correct Answer Incorrect Answer
      B ₹56,000 Correct Answer Incorrect Answer
      C ₹56,800 Correct Answer Incorrect Answer
      D ₹56,500 Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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