Multiple Choice Questions on A certain sum invested at 4 per annum compound interest compounded half ndash yearly amounts to Rs 7........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A certain sum invested at 4 per annum compound interest compounded half ndash yearly amounts to Rs 7...........

Quantitative Aptitude ( CCS) Compound Interest
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    A certain sum, invested at 4% per annum compound interest, compounded half – yearly, amounts to Rs 7,803 at the end of one year. The sum is

    Rs7000

    Incorrect Answer

     Rs 7200

    Incorrect Answer

    Rs7700

    Incorrect Answer

    Rs 7500

    Correct Answer
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    Explanation:

    Let the sum be Rs. P.

    As, the interest is compounded half-yearly.

    R = 2%, T = 2 half years

    Hence, option 4 is the correct answer.

    By: Amit Kumar
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