Aptitude | Compound Interest | Question 10

An amount of Rs.1500 is invested at 10% per annum for one year. If the interest is compounded half-yearly, then what amount will be received at the end of the year?

(A)

1652.20

(B)

1642.50

(C)

1652.7

(D)

1653.75

Answer: (D)

Explanation:

A= 15000[1+(10/2)/100]²
= 1500[105/100]²
= 1500 X 1.1025
= 1653.75

Quiz of this Question
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