Arithmeticmedium · Past Paper
Find the compound interest on Rs 160000 for 2 years at 10% per annum compounded semi-annually.
ARs 33600
BRs 34481
CRs 35000
DRs 36000
✓ Correct Answer: B — Rs 34481
R = 5%, T = 4 periods. A = 160000(1.05)^4 = 160000(1.21550625) = 194481. CI = 194481 - 160000 = 34481.
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