What would be the amount after 4 years when interest is compounde… - Vidyadip

MCQ

What would be the amount after 4 years when interest is compounded half-yearly, interest rate $=10 \%$ per 2 years, principal $=₹ 5000$ ?

A
₹ $5000\left(1+\frac{10}{100}\right)^4$
B
₹ $5000\left(1+\frac{5}{100}\right)^8$
✓
₹ $5000\left(1+\frac{2.5}{100}\right)^8$
D
₹ $5000\left(1+\frac{2.5}{100}\right)^4$

✓

Answer

Correct option: C.

₹ $5000\left(1+\frac{2.5}{100}\right)^8$

C

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