A man borrows money on compound interest and returns it in two equal half-yearly instalments of Rs 4410 each. Find the interest charged if the rate of interest is 10% p.a. compounded half-yearly. Options: A . &nbspRs 580 B . &nbspRs 600 C . &nbspRs 620 D . &nbspRs 640

A man borrows money on compound interest and returns it in two equal half-yea

Question

A man borrows money on compound interest and returns it in two equal half-yearly instalments of Rs 4410 each. Find the interest charged if the rate of interest is 10% p.a. compounded half-yearly.

Options:

A . Rs 580

B . Rs 600

C . Rs 620

D . Rs 640

Answer: Option C

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