A sum of Rs. 12000 is invested at a scheme of compound interest. The interest rate is 10%. If the interest is compounded half yearly, then what will be the interest (in Rs.) after 1 year?

A sum of Rs. 12000 is invested at a scheme of compound interest. The i

1.	A sum of Rs. 12000 is invested at a scheme of compound interest. The interest rate is 10%. If the interest is compounded half yearly, then what will be the interest (in Rs.) after 1 year?
A.	1230
B.	1000
C.	1200
D.	1375
Answer» B. 1000

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A sum of Rs. 12000 is invested at a scheme of compound interest. The interest rate is 10%. If the interest is compounded half yearly, then what will be the interest (in Rs.) after 1 year?

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