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What is the compound interest on Rs 10000 for 2 years at rate of interest 10% per annum?10000 after 2 years, compounded annually with rate of interest being 10% per annum during the first year and 12% per annum during the second year, would be: - (a) Rs. 11320.
What is the compound interest for 2 years?For 2 years, T = 24. If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.
What is the compound interest on USD 10000 in 2 years at 4% per?Now we have to calculate compound interest. So, the compound interest on Rs $10000$ in $2$ years at $4%$ per annum being compounded half yearly is $Rs. 824.32$. So, the correct answer is “Option C”.
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What is the compound interest on an amount of 10000 at 8% per annum for 2 years?
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