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

B 6,655

C 6,413

D 6,534

Practice Next

More Previous year papers Questions

A series is given with one term missing. Choose the correct alternative from the given ones that will completes the series:-

4 5 12 13 28 ?
...
How many pairs of digits are there in the number ‘2693714’, each of which have as many digits between them (both forward and backward direction) in ...

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

Solution