Compound interest of Rs.3000 at 10% per annum for 1 l/2years will be (interest compounded half yearly). Options
A) Rs.473
B) Rs.374
C) Rs.495
D) Rs.347
E) None of the above
10% interest per annum will be 5% interest half yearly for 3 terms( 1 1/2 years)   So compound interest=3000[1+(5/100)]^3 - 3000=3000[(21/20)^3 -1]   =3000(9261-8000)/8000   =3*1261/8   =472.8 ~ 473   Rs.473NSWER:Rs.473
<result>A</result>
Compound interest of Rs.3000 at 10% per annum for 1 l/2years will be (interest compounded half yearly).