Find the compound interest on $50000 in 2years at 4% per annum, the interest being compounded half-yearly?
Choose the correct choice: A) $645.56 B) $4121.60 C) $954.26 D) $745.69 E) $1020.45
Principle = $50000   Rate = 2% half yearly = 4 half years   Amount = 50000*(1 + 2/100)^4 = 50000 * 51/50 * 51/50 * 51/50 * 51/50   = $54121.60   C.I. = 54121.60-50000= 
<gadget id="calculator">54121.60-50000</gadget>
<output>4_121.6</output>
$4121.60   Answer is $4121.60
<result>B</result>
Find the compound interest on $50000 in 2years at 4% per annum, the interest being compounded half-yearly?