Multiple choice

If the rate of interest is 10% per annum and is compounded half yearly, the principal of Rs 400 in 3/2 years will amount to - यदि ब्याज की दर 10% वार्षिक है और वह अर्धवार्षिक संयोजित की जाती है, तो मूलधन 400 रू. है 3/2 वर्षो में कितनी राशि हो जायेगा?

  1. Rs 463.00

  2. Rs 463.05

  3. Rs 463.15

  4. Rs 463.20
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Half-yearly compounding means 2 periods per year. For 3/2 years = 1.5 years, we have 3 periods. Rate per period = 10%/2 = 5%. A = 400(1+5/100)^3 = 400(1.05)^3 = 400 × 1.157625 = 463.05. Option B is correct.

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