Mathematics · Interest

What is the compound interest (in ₹, rounded off to two decimal places) on ₹20,000 in two years at 4% per annum, the interest being compounded half-yearly?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

11548.64
21600.00
31500.00
41648.64✓

Correct answer

1648.64

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What is the compound interest (in ₹, rounded off to two decimal places) on ₹20,000 in two years at 4% per annum, the interest being compounded half-yearly?

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What is the compound interest (in ₹, rounded off to two decimal places) on ₹20,000 in two years at 4% per annum, the interest being compounded half-yearly?

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