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Q:
A) Rs.6000 | B) Rs.8000 |
C) Rs.12000 | D) none of these |
Answer: B) Rs.8000
Explanation:
Explanation:
Compound Interest on P at 10% for 2 years when interest is compounded half-yearly
=
Simple Interest on P at 10% for 2 years =
Given that difference between compound interest and simple interest = 124.05
=>
P=8000