Question

Find the compound interest on ₹ 10,000 for 1 1⁄2 years at 10% per annum,interest being payable half -yearly​

Answer 1

Step-by-step explanation:

Correct option is

A

20400

Here, n= the number of months for which the money is deposited =2×12=24

r=6%, I= Rs. 1,200

∴ The amount of maturity = Total money deposited + interest

=24×800+1,200

= Rs. 20,400