RRB Technician 2014 Ques 2
Question: The compound interest on Rs. 2000 for 1 year at the rate of 8% per annum, when the interest is compounded; semiannually, is
Options:
A) Rs. 163.20
B) Rs. 2163.20
C) Rs. 2000
D) None of these
Show Answer
Answer:
Correct Answer: A
Solution:
- Principal =Rs. 2000 Time = 1 yr = 2 half years
$ \therefore $ $ n=2 $ Rate = 8% per annum = 4% half-yearly $ Cl=2000{{( 1+\frac{4}{100} )}^{2}}-2000 $ $ =216320-2000=Rs.163.20 $
BETA
