Question

Find the compound interest on $₹8000$ for $1\frac{1}{2}$ years at $10\%$ per annum, interest being payable half-yearly.

• A. $1300$
• B. $1361$
• C. $1261$
• D. $9216$

Answer 1

The correct option is C $1261$

$A=P{(1+\frac{R}{200})}^{2n}$
$N=1.5$
$P=8000$
$R=10\%$
$A=9216$
$Cl=A-P=9216-8000=1261$