the compound interest on rs 4000 at 10% per annum for 2 years 3 months compounded annually will be - Wikitechy https://www.wikitechy.com/interview-questions/tag/the-compound-interest-on-rs-4000-at-10-per-annum-for-2-years-3-months-compounded-annually-will-be/ Interview Questions Fri, 17 Sep 2021 11:17:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.wikitechy.com/interview-questions/wp-content/uploads/2025/10/cropped-wikitechy-icon-32x32.png the compound interest on rs 4000 at 10% per annum for 2 years 3 months compounded annually will be - Wikitechy https://www.wikitechy.com/interview-questions/tag/the-compound-interest-on-rs-4000-at-10-per-annum-for-2-years-3-months-compounded-annually-will-be/ 32 32 Find the compound interest on Rs. 20,000 in 2 years at 4 % per annum, the interest being compounded half-yearly ? https://www.wikitechy.com/interview-questions/compound-interest/find-the-compound-interest-on-rs-20000-in-2-years-at-4-per-annum-the-interest-being-compounded-half-yearly/ https://www.wikitechy.com/interview-questions/compound-interest/find-the-compound-interest-on-rs-20000-in-2-years-at-4-per-annum-the-interest-being-compounded-half-yearly/#respond Tue, 17 Aug 2021 14:52:16 +0000 https://www.wikitechy.com/interview-questions/?p=1785

Find the compound interest on Rs.20,000 in 2years at 4% per annum, the interest being compounded half-yearly ?

A. Rs 1648.64

B. Rs 1596.32

C. Rs 14826.56

D. Rs 11563.99

Answer : A. Rs 1648.64…

Explanation :

Interest is compounded half-yearly, therefore,
Amount = P ( 1 + (R/2) /100 )2n – – – – – – – – – [Interest compounded Half-yearly]

Given :
Principal = Rs. 20000,
Rate = 2 % per half-year,
Time = 2 years = 4 half- years
Amount = 20000 [ 1 + 2 / 100 ]4
Amount = Rs.21648.64
Compound Interest = Total amount – Principal
= 21648.64 – 20000
= Rs. 1648.64

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