Find the compound interest on $ 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly  Pick.
A) 824
B) 824.36
C) 824.32
D) 824.24
E) 824.26
Principal = $ 10000; Rate = 2% per half-year; Time = 2 years = 4 half-years.   Amount = $ [10000 * (1+(2/100))4] = $(10000 * (51/50) * (51/50) * (51/50) * (51/50))   = $ 10824.32.   :. C.I. = $ (10824.32 - 10000) = $ 824.32.   Answer 824.32.
<result>C</result>
Find the compound interest on $ 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly