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Q: What is the compound interest on ` 5000 in 2 years at the rate of 20% per annum ? (interest compounded half yearly).
  • A. ` 2340.50
  • B. ` 2275.50
  • C. ` 2290.50
  • D. ` 2320.50
Correct Answer: Option D -
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Explanations:

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