Arithmetic Ability
Compound Interest

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Q.

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

View Answer

Correct choice: D

Explanation:

Principal = Rs. 10000; Rate = 2% per half-year; Time = 2 years = 4 half-years. Amount == Rs. 10824.32. Rs.[10000*(1+2/100)4]=Rs.[10000*51/50*51/50*51/50*51/50] C.I. = Rs. (10824.32 - 10000) = Rs. 824.32.
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