Question
Quantitative Aptitude Question on SI & CI
Marie bought a 1-year certificate of deposit and the annual interest earned on the deposit is 6 percent compounded semi-annually. What was the amount invested, if the interest earned on the certificate at maturity is 60.9?
A
₹ 100
B
₹ 1,000
C
₹ 1,010
D
₹ 1,100
Answer
₹ 1,000
Explanation
Solution
The correct answer is (B): ₹ 1,000