Question

A sum of money amounts to Rs. 2040 at 18% per annum simple interest after 2 years. If the same sum is invested at the same rate of interest, but compounded half-yearly, what will be its value after 1 year?

A Rs 1782.15
B Rs 1780.25
C Rs 1777.15
D Rs 1812.15
E None of these
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