Question:

In a scheme, the interest is compounded half yearly. The rate of interest is\(20\%\)per annum. If Rs.4,00,000 is invested in this scheme, then how much interest will be earned in two years?

Updated On: Oct 23, 2024
  • Rs.1,67,320
  • Rs.1,73,920
  • Rs.1,85,640
  • Rs.1,91,430
Hide Solution
collegedunia
Verified By Collegedunia

The Correct Option is C

Solution and Explanation

The correct answer is (C);Rs.1,85,640

Was this answer helpful?
0
0

Top Questions on SI & CI

View More Questions