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    • Question

      How much will a sum of ₹10,000 become after one year

      if the interest is compounded half-yearly at 20% per annum compound interest?  
      A ₹11,743 Correct Answer Incorrect Answer
      B ₹11,989 Correct Answer Incorrect Answer
      C ₹11,337 Correct Answer Incorrect Answer
      D ₹12,100 Correct Answer Incorrect Answer

      Solution

      - Half-yearly rate = 20%/2 = 10%.   - Amount = ₹10,000 × (1 + 0.10)² = ₹12,100.  

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