An amount of Rs 10000 becomes Rs 1464...

An amount of Rs 10000 becomes Rs 14641 in 2 years if the interest is compounded half-yearly. What is the rate of compound interest p.c.p.a.? (a) 10% (b) 12% (c) 16% (d) 20% (e) None of these

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Knowledge Check

A sum of Rs. 2500 is invested for 2 years at 20% per annum, interest compounded half-yearly. Find the compound interest.

A

Rs. 3660.25

B

Rs. 1660.25

C

Rs. 1160.25

D

Rs. 1330

A sum of Rs 2500 is invested for 2 years at 20% per annnum, interest compounded half-yearly. Find the compound interest.

A

Rs 366..25

B

Rs 1660.25

C

Rs 1160.25

D

Rs 1330

If Rs. 2500 becomes to Rs. 2970.25 in 2 years at compound interest compounded annually, what is the yearly rate of interest (in %) ?

A

7

B

9

C

11

D

13

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