Mathematics · Compound Interest

Find the compound interest on Rs. 6,25,000 for 12 months at 8% per annum, compounded half-yearly.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 51,000✓
2Rs. 49,000
3Rs. 48,000
4Rs. 50,000

Correct answer

Rs. 51,000

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Find the compound interest on Rs. 6,25,000 for 12 months at 8% per annum, compounded half-yearly.

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Find the compound interest on Rs. 6,25,000 for 12 months at 8% per annum, compounded half-yearly.

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