# Find the compound interest on Rs. 1000 at the rate of 10% per annum for 18 months when interest is compounded half-yearly.

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Find the compound interest on Rs.1000 at the rate of 10% per annum for 18 months when interest is compounded half-yearly.

(A) 157.625

(B) 162.571

(C) 152.654

(D) None of these

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selected

Correct option (A) 157.625

Explanation:

Here, P = Rs. 1000, R = 10% per annum and, n = 18/12 years = 3/2 years.

Amount after 18 months

Hence, compound interest

= Amount – Principal

= Rs. 1157.625 – Rs. 1000

= Rs. 157.625