A sum of Rs. 5000 is invested at a scheme of compound interest. The interest rate is 20% per annum. If the interest is compounded half yearly, then what is interest (in Rs.) after 1 year?

A sum of Rs. 5000 is invested at a scheme of compound interest. The in

1.	A sum of Rs. 5000 is invested at a scheme of compound interest. The interest rate is 20% per annum. If the interest is compounded half yearly, then what is interest (in Rs.) after 1 year?
A.	1000
B.	2200
C.	1500
D.	1050
Answer» E.

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A sum of Rs. 5000 is invested at a scheme of compound interest. The interest rate is 20% per annum. If the interest is compounded half yearly, then what is interest (in Rs.) after 1 year?

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