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If the rate of compound interest, compou...

If the rate of compound interest, compounded half yearly, is 20% per annum, then calculate the interest to be paid on Rs. 100000 for 2 years.

A

Rs. 33,100

B

Rs. 21,000

C

Rs. 46,410

D

Rs. 44, 000

Text Solution

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The correct Answer is:
C
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