Question

    A certain sum amounts to ₹7,535 in 5 years at 7.4%

    simple interest per annum. If the interest is compounded half yearly, what will the same amount (in ₹) amount to in one year at 20% annual interest rate?  
    A 7,920 Correct Answer Incorrect Answer
    B 6,655 Correct Answer Incorrect Answer
    C 6,413 Correct Answer Incorrect Answer
    D 6,534 Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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