What is the correct answer?

4

*Find the compound interest ***on ***Rs. 10,000 in *2 *years *at 4% *per *annum, *the **interest being cmpounded half-yearly.*

**Correct Answer :**

B. 824.32

Principal = Rs. 10000; Rate = 2% per half-year; Time = 2 years = 4 half-years.

Amount =Rs [10000 * (1+(2/100))^{4}] = Rs(10000 * (51/50) * (51/50) * (51/50) * (51/50))

= Rs. 10824.32.

:. C.I. = Rs. (10824.32 - 10000) = Rs. 824.32.