A certain sum was lent at R% per annum at compound interest for 2 year – InterviewSolution

1.	A certain sum was lent at R% per annum at compound interest for 2 years. In which of the following cases would it fetch the maximum interest ?
Answer» INTEREST is calculated annually. Interest is calculated semi-annually. Interest is calculated quarterly. Interest is calculated three TIMES a year. Solution :When interest is calculated more number of times, it FETCHES more interest. `therefore` Chocie (C ) follows.

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