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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 -
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Explanations:

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