Question

Calculate the C.l. on Rs 10,000 at 8% per annum and in 1.5 years, interest being compounded half-yearly.

• A. Rs 2,516.35
• B. Rs 1,698.15
• C. Rs 2, 597.12
• D. Rs 1,248.64

Answer 1

The correct option is D Rs 1,248.64

$A=P{[1+\frac{r}{2\times 100)}]}^{2n}$
$=10,000[1+{\frac{8}{200}}^{2\times 1.5}$
$=Rs11,248.64$

Thus, C.I. = A.P = Rs 1,248.64