Arithmeticmedium · Past Paper

What will be the compound interest on Rs 5000 for 1 year at 8% per annum compounded semi-annually?

ARs 400
BRs 408
CRs 416
DRs 420

✓ Correct Answer: BRs 408

Semi-annual: R=4%, T=2 periods. A = 5000(1.04)^2 = 5000(1.0816) = 5408. CI = 408.

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