Correct Answer: ₹ 3600
Explanation:
Let rate = R% and time = n yr Then, 4320 = 3000(1+R/100)n ⇒ (1+R/100)n = 4320/3000 = 1.44 ∴ (1 + R/100)n/2 = √1.44 = 1.2 ∴ Required amount for n/2 yr = 3000(1+ R/100)n/2 = 3000 x 1.2 = ₹ 3600