Question
The compound interest on Rs.10,000 in 2 years at 4% per annum, the interest being compounded half-yearly, is :
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
Was this answer helpful ?
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
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution