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    Question

    A sum of ₹15,625 is invested for 2 years at an annual

    interest rate of 8%. For the first 1.5 years, the interest is compounded semi-annually, and for the remaining 0.5 years, it is compounded quarterly. Calculate the final amount.
    A 17,062 Correct Answer Incorrect Answer
    B 17,752 Correct Answer Incorrect Answer
    C 18,172 Correct Answer Incorrect Answer
    D 18,286 Correct Answer Incorrect Answer
    E 18,760 Correct Answer Incorrect Answer

    Solution

    Amount after First 1.5 years (half-yearly compounding) Amount after Next 0.5 years (quarterly compounding): Quarterly rate = 8/4 = 2% = 18286.07 ~18286

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