If Ram puts Rs. 2000 in a savings account that earns 20% annual interest compounded half-yearly, how much money will be in the account after one year?

If Ram puts Rs. 2000 in a savings account that earns 20% annual intere

1.	If Ram puts Rs. 2000 in a savings account that earns 20% annual interest compounded half-yearly, how much money will be in the account after one year?
A.	Rs. 3530
B.	Rs. 2420
C.	Rs. 2630
D.	Rs. 3870
Answer» C. Rs. 2630

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If Ram puts Rs. 2000 in a savings account that earns 20% annual interest compounded half-yearly, how much money will be in the account after one year?

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