Aptitude | Compound Interest | Question 10

An amount of Rs.15,000 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) 16527.50
(B) 16427.50
(C) 16527.50
(D) 16537.50


Answer: (D)

Explanation: A= 15000 [1+(10/2)/100]2
= 15000 [105/100]2
= 15000 X 1.1025
= 16537.50

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