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  • Find the interest earned in the first year on Rs.400 at 20%p.a. compound interest, the interest being compounded half yearly.Option: 1 Rs.42</div

Find the interest earned in the first year on Rs.400 at 20%p.a. compound interest, the interest being compounded half yearly.

Option: 1

Rs.42


Option: 2

Rs.72


Option: 3

Rs.84


Option: 4

Rs.144


Answers (1)

best_answer

Because the interest compound half yearly
When interest calculated half yearly rate will be half and time will be double.
P = 400, R = 20 %  P.A , T = 1 year
40 + 40 + 4

 

Posted by

Rishabh

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