Question

A sum of Rs.12000 is invested for 1.5 years which will be compounded half yearly at a rate of 10%. Find the amount obtained.

• A. 13891.5
• B. Rs 13891.5
• C. Rs 13591
• D. 12000 × ${[1+\frac{10}{2\times 100}]}^3$

Answer 1

Answer: (B), (D)

The correct options are
B Rs 13891.5
D 12000 × ${[1+\frac{10}{2\times 100}]}^3$

Time is calculated half yearly

So, n = 3

A = 12000 × ${[1+\frac{10}{2\times 100}]}^3$
A = Rs 13891.5