Compound Interest Practice Test 3

Question : 26 of 40

Marks: +1, -0

Samir invested Rs. 15000 at the rate of interest 10% p.a. for 1 year. If the interest compound six months. What amount will Samir get at the end of the year?

Rs. 16,500
Rs. 16525.50
Rs. 16537.50
Rs. 18,150

Validate

Solution:

A=15000(1+5/100)^2

=15000×441/400

=16537.50

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