A certain sum was lent at R% per annum a...

A certain sum was lent at R% per annum at compound interest for 2 years. In which of the following cases would it fetch the maximum interest ?

Interest is calculated annually.

Interest is calculated semi-annually.

Interest is calculated quarterly.

Interest is calculated three times a year.

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Verified by Experts

The correct Answer is:

When interest is calculated more number of times, it fetches more interest.
`therefore` Chocie (c ) follows.

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