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    Question

    A person borrowed Rs. 15000 on compound interest at the

    rate of 30 percent per annum. If the interest is compounded half yearly, then what will be the amount to be paid after 1 year? 
    A Rs. 20428.5 Correct Answer Incorrect Answer
    B Rs. 19837.5 Correct Answer Incorrect Answer
    C Rs. 17482.5 Correct Answer Incorrect Answer
    D Rs. 18282.5 Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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