Compound interest of Rs.6000 at 10% per annum for 1 1/2years will be (interest compounded half yearly). Choose the correct option:
A) Rs.473  B) Rs.374  C) Rs.495  D) Rs.945  E) None of the above
10% interest per annum will be 5% interest half yearly for 3 terms( 1 1/2 years)   So compound interest=6000[1+(5/100)]^3 - 6000=6000[(21/20)^3 -1]   =6000(9261-8000)/8000   =6*1261/8   =945   ANSWER:Rs.945
<result>D</result>
Compound interest of Rs.6000 at 10% per annum for 1 1/2years will be (interest compounded half yearly).