Mathematics · Compound Interest

Find the compound interest on ₹19,375 in 1 year at 8% per annum, the interest being compounded half-yearly.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹1,591
2₹1,561
3₹1,581✓
4₹1,541

Correct answer

₹1,581

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Find the compound interest on ₹19,375 in 1 year at 8% per annum, the interest being compounded half-yearly.

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