Compound interest of Rs.1000 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.157
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=3000[1+(5/100)]^3 - 1000=1000[(21/20)^3 -1]   =1000(9261-8000)/8000   =1*1261/8   =157   ANSWER:Rs.157
<result>D</result>
Compound interest of Rs.1000 at 10% per annum for 1 1/2years will be (interest compounded half yearly).