A sum of Rs. 10,000 is invested for 17 months at 8% per annum compounded half yearly. What is the percentage gain at the end of 17 month, nearest to one decimal place?

A sum of Rs. 10,000 is invested for 17 months at 8% per annum compound

1.	A sum of Rs. 10,000 is invested for 17 months at 8% per annum compounded half yearly. What is the percentage gain at the end of 17 month, nearest to one decimal place?
A.	12.2%
B.	12.0%
C.	11.8%
D.	12.4%
Answer» D. 12.4%

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A sum of Rs. 10,000 is invested for 17 months at 8% per annum compounded half yearly. What is the percentage gain at the end of 17 month, nearest to one decimal place?

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