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Rs . 20000 is being compounded at 20% p....

Rs . 20000 is being compounded at 20% p.a . If the rate of interest is changed half yearly. What will be the amount after 2 years ?

A

28292

B

27292

C

29282

D

22358

Text Solution

Verified by Experts

`20000(1+(20//2)/100)^(2xx2)=20000(1+10/100)^4=20000(1.1)^4=20000xx1.4641=₹29282`
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