Question

In how much time will a sum of ₹ 64,000 amount to ₹ 68,921 at 5% per annum, interest being compounded half yearly ?

• A. 2 years
• B. 3 years
• C. \(1\frac{1}{2}\) years
• D. \(2\frac{1}{2}\) years

Answer 1

The Correct Option is C

The correct option is (C) :\(1\frac{1}{2}\) years.