Question

In how much time will a sum of ₹ 64,000 amount to ₹ 68,921 at 5% per annum, interest being compounded half yearly ?

• A. 2 years
• B. 3 years
• C. $1\frac{1}{2}$ years
• D. $2\frac{1}{2}$ years

Answer 1

Answer: (C)

$1\frac{1}{2}$ years

Answer 2

The correct option is (C) :$1\frac{1}{2}$ years.