Arithmetichard · Past Paper
If compound interest is paid half-yearly, the compound amount formula is:
AA = P(1 + R/100)^T
BA = P(1 + R/200)^2T
CA = P(1 + R/400)^4T
DA = P(1 + 2R/100)^T/2
✓ Correct Answer: B — A = P(1 + R/200)^2T
Half-yearly means interest is added twice a year, so rate is R/2 and time is 2T.
Share this question
More from Arithmetic
- A bag bought for Rs. 1200 is sold at 12% profit. Find the profit amount.
- An item costing Rs. 200 is sold for Rs. 250. What is the profit percentage?
- A sum of money is divided among P, Q, and R in the ratio 2:3:5. If Q gets Rs 90, find the total sum.
- A ratio is a comparison of two quantities of:
- Which is greater: 20% of 50 or 50% of 20?