Mathematics · Compound Interest

Calculate the compound interest on ₹ 16,000 at 10% per annum for 2 years when the interest is compounded half-yearly.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹ 3,310.0
2₹ 3,448.1✓
3₹ 3,520.5
4₹ 3,600.0

Correct answer

₹ 3,448.1

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Calculate the compound interest on ₹ 16,000 at 10% per annum for 2 years when the interest is compounded half-yearly.

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