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Miscellaneous·2015·Easy

A sum of Rs. 10,000 is deposited for 1 year at the rate of interest 10% compounded half yearly. What will be the interest at the end of one year ?

A sum of Rs. 10,000 is deposited for 1 year at the rate of interest 10% compounded half yearly. What will be the interest at the end of one year ?

Options

  1. a.

    Rs. 1000

  2. b.

    Rs. 1025

    Correct answer
  3. c.

    Rs. 1050

  4. d.

    Rs. 1100

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