Find the rate percent per annum if Rs. 2000 amounts to Rs. 2315.25 in one and ha

Question

Find the rate percent per annum if Rs. 2000 amounts to Rs. 2315.25 in one and half years interest being compounded half yearly.

Options:

A . 10%

B . 11.5%

C . 5%

D . 20%

Answer: Option A

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