A sum of Rs. 8,000 invested at 10% p.a. amounts to Rs. 9,261 in a certain time, interest compounded half–yearly. What will be the compound interest (in Rs) on the same sum for the same time at double the earlier rate of interest, when interest is compounded annually?

A sum of Rs. 8,000 invested at 10% p.a. amounts to Rs. 9,261 in a cert

1.	A sum of Rs. 8,000 invested at 10% p.a. amounts to Rs. 9,261 in a certain time, interest compounded half–yearly. What will be the compound interest (in Rs) on the same sum for the same time at double the earlier rate of interest, when interest is compounded annually?
A.	Rs. 2,500
B.	Rs. 2,480
C.	Rs. 2,560
D.	Rs. 2,520
Answer» D. Rs. 2,520

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A sum of Rs. 8,000 invested at 10% p.a. amounts to Rs. 9,261 in a certain time, interest compounded half–yearly. What will be the compound interest (in Rs) on the same sum for the same time at double the earlier rate of interest, when interest is compounded annually?

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