Find the compound interest on Rs. 10,000 at 10% p.a. for 1 year, compounded half-yearly.

Type: MCQ • Marks: 1

A. 1030

B. 1025

C. 1000

D. 1100

Explanation

Half-yearly rate=5% for 2 periods. Amount=10000(1.05)^2=11025. CI=Rs. 1,025.

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UP TGT Mathematics

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