## The compound interest on Rs. 10000 at 4% per annum for two years compounded annually is A. Rs.1000 B. Rs. 816 C. Rs. 6

Question

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

## Answers ( )

10,000 in 2 years at 4% per annum, the interest being compounded half-yearly. Explanation: Principal = Rs. 10000; Rate = 2% per half-year; Time = 2 years = 4 half-years.

┏─━─━─━─━∞◆∞━─━─━─━─┓ ✭✮ӇЄƦЄ ƖƧ ƳƠƲƦ ƛƝƧƜЄƦ✮✭

┗─━─━─━─━∞◆∞━─━─━─━─┛

⠀⠀⠀⠀⠀⠀⠀⠀

Given :⠀⠀⠀⠀⠀⠀⠀⠀

⠀⠀⠀⠀⠀⠀⠀⠀

ToFind:⠀⠀⠀⠀⠀⠀⠀⠀

⠀⠀⠀⠀⠀⠀⠀⠀

Formula:⠀⠀⠀⠀⠀⠀⠀⠀

P = initial principal balancer = interest raten = number of times interest applied per time periodn = number of times interest applied per time periodt = number of time periods elapsed⠀⠀⠀⠀⠀⠀⠀⠀

Solution:⠀⠀⠀⠀⠀⠀⠀⠀

P = 10000

R = 4% p.a.

N = 2 years

## Therefore C.I = 816