What is the Compound Interest on Rs.7000 at 8.5% p.a. compounded half-yearly for 5 years.
Answers:
A) 3616.5 B) 3613.5 C) 3313.5 D) 3616.5 E) 3113.5
Compound interest : A = P(1 + r/n)nt   A = 10,613.50   C.I. &gt;&gt; 10,613.50 - 7000 &gt;&gt; Rs. 3613.5   Answer:3613.5
<result>B</result>
What is the Compound Interest on Rs.7000 at 8.5% p.a. compounded half-yearly for 5 years.