Find the amount for Rs. 6000 at 10% per annum, compounded semi-annually for 2 years.	Choose the correct choice
A) 1293	B) 1283	C) 1273	D) 1263	E) 1253
Solution:   Semi annually means we have to compound the interest for every six months. So we have to calculate interest for 6 months. So R =   10/2= 
<gadget id="calculator">10/2</gadget>
<output>5</output>
5% (for half year)   Also, n= 2 years x 2 = 4 periods   Therefore, P = 6000, n = 4, r = 5%   A = 6,000(1+5/100)4 = Rs. 7,293   Interest = Rs.7293 - 6000 = 1293   1293nswer 1293
<result>A</result>
Find the amount for Rs. 6000 at 10% per annum, compounded semi-annually for 2 years.