Compound Interest Half Yearly
Compound Interest Half Yearly
Compound interest:
Compound interest is calculated by adding the interest to the previous principal to get the new principal for the next definite period of time,
Calculating Interest Compound Half Yearly:
In this case the rate is halved and the time is doubled in years.
1. Find the compound interest on Rs. 5000 for 18 months at 8% per annum, compounded half yearly.
Principal= Rs 5000
Time = 18 months
Rate = 8 % = 4 % when compounded half yearly
Raghu borrowed Rs. 25,000 at 20% p.a. compounded half-yearly. What amount of money will discharge his debt after one and a half year ? | |||
| Right Option : C | |||
| View Explanation | |||
What will be the compound interest on the Rs 1000 at the rate of 10% per annum for 18 months when interest is comopunded half-yearly. | |||
| Right Option : D | |||
| View Explanation | |||
In how many years will a sum of Rs. 800 at 10% per annum compounded semi - annually become Rs. 926.10 ? | |||
| Right Option : B | |||
| View Explanation | |||
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