The compound interest on Rs.10,000 in 2 years at 4% per annum, the interest bein

Question

The compound interest on Rs.10,000 in 2 years at 4% per annum, the interest being compounded half-yearly, is :

Options:

A . Rs.828. 82

B . Rs.636.80

C . Rs.912. 86

D . Rs.824.32

Answer: Option D
Answer: (d)Using Rule 1,A = 10,000$(1 + 2/100)^4$=10,000$(51/50)^4$ =10824.3216Interest = 10,824.3216 - 10,000= Rs.824.32

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