Arithmeticmedium · Past Paper
Compound interest on Rs 10000 for 2 years at 4% per annum, interest being payable half-yearly, is:
ARs 824.32
BRs 828.56
CRs 832.10
DRs 840
✓ Correct Answer: A — Rs 824.32
R = 2%, T = 4 periods. A = 10000(1.02)^4 = 10824.32. CI = 824.32.
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