Fewpal
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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 

1 Answer

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Best answer

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

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