Question

23. A man invested 340,000 in a bond which gives
10% p.a. interest, compounded half yearly. If the
annual rate of interest is increased by 20 percentage
points at the end of every half year, what will be the
interest for the first one and half years?
(A) 15875
(B) 16750
(C) 20375
(D) 19875

Answer 1

Answer:

(B) 16750

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