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The compound interest on half-yearly rests on ₹10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is ₹.
. The compound interest on half-yearly rests on ₹10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is ₹.
(a) 2,200
(b) 2,287
(c) 2,285
(d) None
(c) 2,285
(d) None?
Most Upvoted Answer
The compound interest on half-yearly rests on ₹10,000 the rate for the...
Given data:
Principal amount (P) = ₹10,000
Rate of interest for first and second years = 6%
Rate of interest for third year = 9%
Time = 3 years

Calculating compound interest:
1. Calculate the compound interest for the first two years at 6% p.a.
- Compound interest for the first year = ₹10,000 * (6/100) = ₹600
- Amount after first year = ₹10,000 + ₹600 = ₹10,600
- Compound interest for the second year = ₹10,600 * (6/100) = ₹636
- Amount after second year = ₹10,600 + ₹636 = ₹11,236
2. Calculate the compound interest for the third year at 9% p.a.
- Compound interest for the third year = ₹11,236 * (9/100) = ₹1,011.24

Total compound interest:
Total compound interest = Compound interest for first two years + Compound interest for third year
= ₹600 + ₹636 + ₹1,011.24
= ₹2,247.24
Therefore, the compound interest on ₹10,000 at half-yearly rests for 3 years with rates of 6% for the first two years and 9% for the third year is ₹2,247.24.
So, the correct option is (d) None.
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The compound interest on half-yearly rests on ₹10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is ₹.. The compound interest on half-yearly rests on ₹10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is ₹.(a) 2,200(b) 2,287(c) 2,285(d) None(c) 2,285(d) None?
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The compound interest on half-yearly rests on ₹10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is ₹.. The compound interest on half-yearly rests on ₹10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is ₹.(a) 2,200(b) 2,287(c) 2,285(d) None(c) 2,285(d) None? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The compound interest on half-yearly rests on ₹10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is ₹.. The compound interest on half-yearly rests on ₹10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is ₹.(a) 2,200(b) 2,287(c) 2,285(d) None(c) 2,285(d) None? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The compound interest on half-yearly rests on ₹10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is ₹.. The compound interest on half-yearly rests on ₹10,000 the rate for the first and second years being 6% and for the third year 9% p.a. is ₹.(a) 2,200(b) 2,287(c) 2,285(d) None(c) 2,285(d) None?.
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