Find the compound interest on $30000 in 2years at 4% per annum, the interest being compounded half-yearly?  Pick:
A) $645.56
B) $824.32
C) $954.26
D) $2472.96
E) $1020.45
Principle = $10000   Rate = 2% half yearly = 4 half years   Amount = 30000*(1 + 2/100)^4 = 30000 * 51/50 * 51/50 * 51/50 * 51/50   = $32472.96   C.I. = 32472.96-10000 = $2472.96   Answer is $2472.96
<result>D</result>
Find the compound interest on $30000 in 2years at 4% per annum, the interest being compounded half-yearly?