Question

A principal amount of ₹5p grows to ₹(5p + 660) in 2 years at an annual interest rate of 20% compounded yearly. Determine the compound interest earned when ₹30p is invested for 1 year at an annual interest rate of 30%, compounded semi-annually.

A Rs.2500.05
B Rs.1502.7
C Rs.2902.5
D Rs.2062.2
E None of these
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