MCQ Practice

A certain sum amount to Rs. 15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in $$1frac{1}{2}$$ years at 10% p.a., if the interest is compounded half yearly (nearest to Rs. 1)?

A

Rs. 14,470

B

Rs. 15,125

C

Rs. 14,360

D

Rs. 13,460

Correct Answer: A