Mathematics · Compound Interest
Calculate the compound interest on Rs. 8000 for 2 years at 10% per annum if the interest is compounded half-yearly.
- 1Rs. 1810.05
- 2Rs. 1578.20
- 3Rs. 1724.05✓
- 4Rs. 1642.50
Correct answer
Rs. 1724.05
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