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What is the compound interest on Rs.70,000 in 2 years at 8% per annum, the interest is compounded half-yearly?
Rs.18190.09
Rs.91180.09
Rs.81190.09
Rs.11890.09
Principal=Rs.70000 Since compounded half-yearly So, Rate =4% ,time =4 years Amount=Rs.[70000×(1+4/100)^4]=[70000×26/25×26/25×26/25×26/25] Compound interest=Rs.(81890.09 - 70000) =Rs.11890.09
By: bhavesh kumar singh ProfileResourcesReport error
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