Question

*What is the compound interest on Rs. 200 for 1 year at 10% rate compounded half-yearly*

1️⃣ Rs.200
2️⃣ Rs.220.50
3️⃣ Rs. 320.50
4️⃣ Rs. 100.50​

Answer 1

Answer:

c.i = 200 (1 * 10/100)^2

= 200(100 +10/100)^2

= 200(121 / 100)

= 242