Find compound interest on Rs. 5000 at 12% per annum for 1 year, compounded half-yearly. Choose the correct option: A) Rs. 600 B) Rs. 618 C) Rs. 525 D) Rs. 620 E) None
Principal = Rs.5000, Rate=6% per half year Time = 1 year = 2 half-years Amount = Rs. {5000 x ( 1 + 6/100)2] = Rs. [ 5000 x 53/50 x 53/50 ] = Rs. 5618 C.I. = Rs. (5618 – 5000) = Rs. 618   Answer Rs. 618
<result>B</result>
Find compound interest on Rs. 5000 at 12% per annum for 1 year, compounded half-yearly.