A certain sum amounts to Rs.12,705 in \(2\dfrac{1}{2}\) years at 10% p.a. interest compounded annually. What is the compound interest on the same sum for one year at the same rate, if the interest is compounded half-yearly?

A certain sum amounts to Rs.12,705 in \(2\dfrac{1}{2}\) years at 10%

1.	A certain sum amounts to Rs.12,705 in \(2\dfrac{1}{2}\) years at 10% p.a. interest compounded annually. What is the compound interest on the same sum for one year at the same rate, if the interest is compounded half-yearly?
A.	Rs.1,025
B.	Rs.1,100
C.	Rs.1,050
D.	Rs.1,000
Answer» B. Rs.1,100

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A certain sum amounts to Rs.12,705 in \(2\dfrac{1}{2}\) years at 10% p.a. interest compounded annually. What is the compound interest on the same sum for one year at the same rate, if the interest is compounded half-yearly?

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