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
Sam invested Rs. 15000 at the rate of 10% per annum for one year. if the interest is compounded half - yearly, then the amount received by sam at the end of the year will be : | |||
| 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 | |||
CI on Rs.8000 for 1 yaers at 5 % p.a payable half-yearly is | |||
| Right Option : D | |||
| View Explanation | |||
Students / Parents Reviews [20]
In terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
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Hiya Gupta
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