Question

A person borrowed 38000 at 2.5% per annum
under S.I. The sum borrowed is immediately given
to another person at the same rate on the condition
that the interest is compounded semi-annually. Find
the amount gained by the first person in one year.
(a) 3.25
(b) 2.25
(c) 1.25
(d) 0.25​

Answer 1

Answer:

The 74th constitutional amendment act mandated the setting up and devolution of powers to Urban local bodies (ULBs) or city governments as the lowest unit of governance in cities and towns