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Simple interest on a sum of money for 1 ...

Simple interest on a sum of money for 1 year at 12% per annum is 1200. What will be the compound interest when compounded halfyearly on that sum at the same rate for the same period?

A

Rs 1236

B

Rs 1326

C

Rs 11236

D

Rs 13260

Text Solution

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The correct Answer is:
A
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