Question
Economics Question on SI & CI
In how much time will a sum of ₹ 3,300 become ₹ 3,399 at 6% per annum, interest compounded half yearly?
A
6 months
B
1 year
C
1 year 6 months
D
2 years
Answer
6 months
Explanation
Solution
The correct answer is (A) : 6 months