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
CI on Rs.8000 for 1 yaers at 5 % p.a payable half-yearly is | |||
| Right Option : D | |||
| 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 | |||
What is the difference between the compound interests on Rs. 5,000 for | |||
| Right Option : A | |||
| View Explanation | |||
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