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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 ₹.
(a) 2,200
(b) 2,287
(c) 2,285
(d) None?
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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 the first and second years = 6% p.a.
Rate of interest for the third year = 9% p.a.
Time period = 3 years

Calculating Compound Interest:
To calculate the compound interest on half-yearly rests, we need to first calculate the interest for each half-year period and then sum them up.

For the first and second years:
Rate of interest = 6% p.a. = 3% half-yearly
Amount after 1st year = ₹10,000 * (1 + 3/100) = ₹10,300
Amount after 2nd year = ₹10,300 * (1 + 3/100) = ₹10,609

For the third year:
Rate of interest = 9% p.a. = 4.5% half-yearly
Amount after 2.5 years = ₹10,609 * (1 + 4.5/100) = ₹11,084.05
Amount after 3 years = ₹11,084.05 * (1 + 4.5/100) = ₹11,573.77

Calculating Compound Interest:
Compound Interest = Amount after 3 years - Principal amount
Compound Interest = ₹11,573.77 - ₹10,000
Compound Interest = ₹1,573.77
Therefore, the compound interest on ₹10,000 at half-yearly rests for 3 years at the given rates is ₹1,573.77. The closest option provided is (d) None, as none of the options match the calculated compound interest amount.
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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 ₹.(a) 2,200(b) 2,287(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 ₹.(a) 2,200(b) 2,287(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 ₹.(a) 2,200(b) 2,287(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 ₹.(a) 2,200(b) 2,287(c) 2,285(d) None?.
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