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A certain sum, invested at 4% per annum ...

A certain sum, invested at `4%` per annum compound interest, compounded halfyearly, amounts to `Rs. 7,803` at the end of one year. The sum is

A

`Rs.7,000`

B

`Rs.7,200`

C

`Rs.7,500`

D

`Rs.7,700`

Text Solution

Verified by Experts

The correct Answer is:
C
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