Question
A certain sum amounts to Rs. 15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in 1 years
A certain sum amounts to Rs. 15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in 1½ years at 10% p.a., if the interest is compounded half yearly (nearest to Re. 1)?
(A) Rs. 14,470
(B) Rs. 15,125
(C) Rs. 14,360
(D) Rs. 13,460
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
