A sum of Rs. 10,000 is invested at the rate of 8% per year for 12 months. What is Compound interest if interest is compounded half-yearly?

A sum of Rs. 10,000 is invested at the rate of 8% per year for 12 mont

1.	A sum of Rs. 10,000 is invested at the rate of 8% per year for 12 months. What is Compound interest if interest is compounded half-yearly?
A.	Rs. 800
B.	Rs. 816
C.	Rs. 960
D.	Rs. 1060
Answer» C. Rs. 960

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A sum of Rs. 10,000 is invested at the rate of 8% per year for 12 months. What is Compound interest if interest is compounded half-yearly?

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