Mathematics · Compound Interest

What will be the compound interest on Rs. 2,500 for 1 year at 12% per annum, when the interest is compounded half-yearly?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 258
2Rs. 209
3Rs. 309✓
4Rs. 346

Correct answer

Rs. 309

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What will be the compound interest on Rs. 2,500 for 1 year at 12% per annum, when the interest is compounded half-yearly?

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What will be the compound interest on Rs. 2,500 for 1 year at 12% per annum, when the interest is compounded half-yearly?

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