In what time will ₹ 3,90,625 amount to ₹ 4,56,976 at 8% per annum, when the interest is compounded semi-annually ? [Given : (1.04) 4 = 1.16986]
CA Foundation · Quantitative Aptitude · MTP · June 2024
In what time will ₹ 3,90,625 amount to ₹ 4,56,976 at 8% per annum, when the interest is compounded semi-annually ? [Given : (1.04) 4 = 1.16986]
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 2 years
Topics: Part-A: Business Mathematics
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