Anil deposited a certain amount in a bank at the rate of 10% per annum compounded semi-annually. At end of one year Anil received a sum of ₹ 13,230.…

CA Foundation · Quantitative Aptitude · MTP · April 2025
Anil deposited a certain amount in a bank at the rate of 10% per annum compounded semi-annually. At end of one year Anil received a sum of ₹ 13,230. Then the sum deposited in the bank is
(A) A. ₹ 13,000
(B) B. ₹ 1,200
(C) C. ₹ 12,000
(D) D. ₹ 5,000

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. ₹ 12,000

Topics: Part-A: Business Mathematics

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