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 | |||
Raj borrowed Rs.5000 at 10% per annum on Simple Interest and lent the same amount at 15% per annum on compound interest. At the end of 2 years, he would ___________ | |||
| Right Option : C | |||
| View Explanation | |||
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 | |||
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