Find the compound interest on ₹ 10,000 for 1 1⁄2 years at 10% per

1.	Find the compound interest on ₹ 10,000 for 1 1⁄2 years at 10% per annum,interest being payable half -yearly
Answer» Step-by-step explanation: Correct option is A 20400 Here, N= the number of months for which the money is DEPOSITED =2×12=24 r=6%, I= Rs. 1,200 ∴ The amount of maturity = TOTAL money deposited + interest =24×800+1,200 = Rs. 20,400

Find the compound interest on ₹ 10,000 for 1 1⁄2 years at 10% per annum,interest being payable half -yearly

Answer»

Step-by-step explanation:

Correct option is

20400

Here, N= the number of months for which the money is DEPOSITED =2×12=24

r=6%, I= Rs. 1,200

∴ The amount of maturity = TOTAL money deposited + interest

=24×800+1,200

= Rs. 20,400