Question

For a fixed period an amount of Rs. 60,000 invested at a fixed rate. The amount, whose interest is compounded annually, has increased to Rs. 63,654. If at the same rate, the amount would had been invested for half of the duration, how much would it have increased?

• A. 61800 Rs.
• B. 61675 Rs.
• C. 61827 Rs.
• D. 61809 Rs.

Answer 1

Answer: (A)