A sum of Rs. 18,000 is invested for 16 months at 8% per annum compounded half-yearly. What is the percentage gain at the end of 16 months, to the nearest whole number?

A sum of Rs. 18,000 is invested for 16 months at 8% per annum compound

1.	A sum of Rs. 18,000 is invested for 16 months at 8% per annum compounded half-yearly. What is the percentage gain at the end of 16 months, to the nearest whole number?
A.	9%
B.	11%
C.	10%
D.	12%
Answer» C. 10%

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A sum of Rs. 18,000 is invested for 16 months at 8% per annum compounded half-yearly. What is the percentage gain at the end of 16 months, to the nearest whole number?

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