The compound interest on Rs 10000 in 2 years at 4 per annum the interest being compounded half yearl...........

Quantitative Aptitude (Hr Patwari ) Compound Interest

The compound interest on Rs. 10000 in 2 years at 4% per annum, the interest being compounded half-yearly is

Rs. 636.80

Rs. 824.32

Rs. 912.86

Rs. 828.82

$A=10000\left ( 1+\frac{2}{100} \right )^{4}$

$=>10000\left ( \frac{51}{50} \right )^{4}$

$=>10000\left ( 1.08243216 \right )=10824.3216$

Since Interest = 10824.3216 – 10000 = Rs.824.3

Hence, option 2 is the correct answer.

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