Mathematics · Compound Interest

What will be the compound interest on ₹ 16,000 at 10% per annum for 1 year if the interest is compounded half-yearly?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹ 1,740
2₹ 1,700
3₹ 1,640✓
4₹ 1,600

Correct answer

₹ 1,640

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What will be the compound interest on ₹ 16,000 at 10% per annum for 1 year if the interest is compounded half-yearly?

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What will be the compound interest on ₹ 16,000 at 10% per annum for 1 year if the interest is compounded half-yearly?

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