Compound interest of Rs.5000 at 10% per annum for 1 1/2years will be (interest compounded half yearly). Choose the correct choice from the following options
A) Rs.473 B) Rs.374 C) Rs.495 D) Rs.788 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=5000[1+(5/100)]^3 - 5000=5000[(21/20)^3 -1]   =5000(9261-8000)/8000   =5*1261/8   =788   ANSWER:Rs.788
<result>D</result>
Compound interest of Rs.5000 at 10% per annum for 1 1/2years will be (interest compounded half yearly).