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The compound interest on ₹ 1,60,000 for ...

The compound interest on ₹ 1,60,000 for 2 years at 10% per annum when compounded semi-annually is:
(a)₹ 34,400
(b)₹ 34,481
(c)₹ 30,000
(d)₹ 34,480

A

₹ 34,400

B

₹ 34,481

C

₹ 30,000

D

₹ 34,480

Text Solution

Verified by Experts

The correct Answer is:
B
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