A sum of Rs. 12,000 is invested for 15 months at 10% per annum compounded half yearly. What is the percentage gain, at the end of 15 months, correct to one decimal place?

A sum of Rs. 12,000 is invested for 15 months at 10% per annum compoun

1.	A sum of Rs. 12,000 is invested for 15 months at 10% per annum compounded half yearly. What is the percentage gain, at the end of 15 months, correct to one decimal place?
A.	13.0%
B.	13.1%
C.	12.8%
D.	12.9%
Answer» B. 13.1%

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A sum of Rs. 12,000 is invested for 15 months at 10% per annum compounded half yearly. What is the percentage gain, at the end of 15 months, correct to one decimal place?

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