Find the compound interest on Rs. 25000 in 2 years at 4% per annum. The interest being compounded half yearly.
Choose the correct choice from the following answers:
A) Rs 2060.808
B) Rs 2060.801
C) Rs 2060.804
D) Rs 2060.802
E) Rs 2060.805
Explanation:   Given:   Principal = Rs. 25000, Rate = 4 % per half year, Time = 2 years = 4 half years   Therefore,   Amount = P( 1 + (R/2)/100)2n   Amount = Rs. [25000*(1+ 2/100)4] = Rs. (25000 * 51/50*51/50*51/50* 51/50)   = Rs. 27060.804   Therefore,   C.I. = Rs. ( 27060.804 – 25000)   = Rs 2060.804   ANSWER: Rs 2060.804
<result>C</result>
Find the compound interest on Rs. 25000 in 2 years at 4% per annum. The interest being compounded half yearly.