Q: A sum of `16,600 is invested at the rate of 10% per annum, interest being compounded half yearly, for 15 months. What is the percentage increase in the sum at the end of 15 months, correct to one decimal place?
A.
12.8%
B.
13.2%
C.
12.6%
D.
13%
Correct Answer:
Option D -
Explanations:
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