Mathematics · Compound Interest

Compute the compound interest on ₹8,400 for one and a half years at a 12% annual interest rate, compounded half-yearly.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹1,604.54✓
2₹3,401.30
3₹2,948.60
4₹3,276.40

Correct answer

₹1,604.54

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Compute the compound interest on ₹8,400 for one and a half years at a 12% annual interest rate, compounded half-yearly.

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Compute the compound interest on ₹8,400 for one and a half years at a 12% annual interest rate, compounded half-yearly.

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