Question

The compound interest of Rs. 10,000

for 1 year at the rate of 8% per annum

compounded half yearly is

A. Rs. 800 B. Rs. 816

C. Rs. 856 D. Rs. 958​

Answer 1

Answer:816

Explanation:

p = 10000

I. = 8% p. a.

compounded = half yearly

CI = For 1 year

A = P(1+r/2)^n times

= 10000(1+0.04)^2

= 10000 *1.0816

= 10816 /-

= Amount - principle

= 10816 - 10000 = 816