Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

In how much time will a sum of ₹64,000 amount to ₹68,921 at 5% per annum, interest being compounded half yearly ?

Options:

2 years

3 years

$1\frac{1}{2}$ years

$2\frac{1}{2}$ years

Correct Answer:

$1\frac{1}{2}$ years

Explanation: