Find the compound interest on ₹10000 in 1\(\frac{1}{2}\)% years at 20% per annum, when the interest being compound half yearly.
Answer & explanation
Correct answer: option 1
Rate of Interest = 20% p.a. = 10% per 6 months.
1.5 years = 18 months
Now,
Find the compound interest on ₹10000 in 1\(\frac{1}{2}\)% years at 20% per annum, when the interest being compound half yearly.
Correct answer: option 1
Rate of Interest = 20% p.a. = 10% per 6 months.
1.5 years = 18 months
Now,