A sum of Rs. 2000 invested at 10% CI compounded half-yearly for 1 year amounts to:

A Rs. 2,200

B Rs. 2,205

C Rs. 2,210

D Rs. 2,300

✓ Correct Answer: Option B

A = 2000(1+5/100)² = 2000×1.1025 = 2205.

💡 Why is B) the correct answer?

The correct answer to the question "A sum of Rs. 2000 invested at 10% CI compounded half-yearly for 1 year amounts to:" is Option B: Rs. 2,205.

The other options — A) Rs. 2,200, C) Rs. 2,210, D) Rs. 2,300 — are incorrect for this Mathematics question. As explained above: A = 2000(1+5/100)² = 2000×1.1025 = 2205.

📚 About This Mathematics Practice Question

This 2-level Mathematics question from the Quantitative Reasoning topic is part of One Paper Preparation's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free Mathematics practice test or use flashcards for spaced repetition review.

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A sum of Rs. 2000 invested at 10% CI compounded half-yearly for 1 year amounts to:

✓ Correct Answer: Option B

📚 About This Mathematics Practice Question

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