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What would be the compound interest on Rs. 15,750 at 20% per annum, in two years, if the interest is compounded half yearly?
Question

What would be the compound interest on Rs. 15,750 at 20% per annum, in two years, if the interest is compounded half yearly?

A.

Rs. 5,213.25

B.

Rs. 3,307.5

C.

Rs. 7,305.975

D.

Rs. 7,309.575

Correct option is D

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