A certain sum, invested at 4% per annum compound interest, compounded half yearl

Question

A certain sum, invested at 4% per annum compound interest, compounded half yearly, amounts to Rs. 7803 at the end of one year. The sum is ?

Options:

A . Rs. 7000

B . Rs. 7200

C . Rs. 7500

D . Rs. 7700

Answer: Option C

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