An amount of Tk. 10,000 becomes Tk. 20,736 in 2 years. If the rate of interest is compounded half yearly, what is the annual rate of interest?

1. An amount of Tk. 10,000 becomes Tk. 20,736 in 2 years. If the rate of interest is compounded half yearly, what is the annual rate of interest?

[Officer (Cash) Freedom Fighter 2019[MCQ] : 2019]

1. 25%

2. 20%

3. 40%

4. 30%

Answer

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