A sum of Rs 5000 is invested at a scheme...

A sum of Rs 5000 is invested at a scheme of compound interest. The interest rate is 20%. If the interest is compounded half yearly, then what is interest (in Rs) after 1 year?

A

1000

B

2200

C

1500

D

1050

लिखित उत्तर

Verified by Experts

The correct Answer is:

D

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