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What sum will become Rs. 9724.05 in 2 years if the rate of interest is 10% compounded half yearly?
  • a)
    Rs. 6000
  • b)
    Rs. 6800
  • c)
    Rs. 7200
  • d)
    Rs. 8000
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
What sum will become Rs. 9724.05 in 2 years if the rate of interest is...
We know A =p
Here r = 10/2 = 5%
and n = 2 x 2 = 4
∴ 9724.05 = P 
9724.05 = P 
9724.05 = P 
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Most Upvoted Answer
What sum will become Rs. 9724.05 in 2 years if the rate of interest is...
We know A =p
Here r = 10/2 = 5%
and n = 2 x 2 = 4
∴ 9724.05 = P 
9724.05 = P 
9724.05 = P 
Free Test
Community Answer
What sum will become Rs. 9724.05 in 2 years if the rate of interest is...
Use the compound interest formula

in this case n=4

P(1+r/100)^n
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Question Description
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