Question

In a scheme, the interest is compounded half yearly. The rate of interest is$20\%$per annum. If Rs.4,00,000 is invested in this scheme, then how much interest will be earned in two years?

• A. Rs.1,67,320
• B. Rs.1,73,920
• C. Rs.1,85,640
• D. Rs.1,91,430

Answer 1

Answer: (C)

Rs.1,85,640

Answer 2

The correct answer is (C);Rs.1,85,640