Join 60,000+ competitive exam aspirants
A sum of ₹60,000 is invested for 1 year at 4% per annum, compounded half yearly. What is the compound interest earned at the end of the year?
₹3,102
₹2,424
₹2,999
₹3,244
₹2,424
Practice and solve "A sum of ₹60,000 is invested for 1 year at 4% per annum, compounded half yearly. What is the compoun..." for Mathematics - Previous Year Paper 2026. The correct answer is Option B: ₹2,424. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "A sum of ₹60,000 is invested for 1 year at 4% per annum, compounded half yearly. What is the compoun..." for Mathematics - Previous Year Paper 2026. The correct answer is Option B: ₹2,424. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.