Find the compound interest on Rs. 5000 at 10% per annum for 1 year compounded half-yearly.

Topic: Interest
Subtopic: Compound Interest

ARs. 500

BRs. 512.50

CRs. 525

DRs. 550

Explanation

Half-yearly rate R = 5%, periods n = 2. Amount = 5000 * (1 + 5/100)^2 = 5000 * 1.1025 = Rs. 5512.50. CI = 5512.50 – 5000 = Rs. 512.50.

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