Question

Find the compound interest on Rs. 1000 at the rate of 20% per annum for 18 months when interest is compounded half yearly.

• A. Rs. 331
• B. Rs. 1331
• C. Rs. 320
• D. Rs. 325

Answer 1

Answer: (A)

Rs. 331

Answer 2

The correct option is (A):Rs. 331