Find the amount (integral value only) if a sum of ₹6,500 is borrowed at 10% interest per annum for 2 years with interest compounded half-yearly.

Question

Find the amount (integral value only) if a sum of ₹6,500 is borrowed at 10% interest per annum for 2 years with interest compounded half-yearly.

Options

A.

₹8,150

B.

₹7,900

C.

₹7,650

D.

₹8,250

compound interesthalf-yearly compoundinginterest calculationarithmetic

Solve This Question

Get instant feedback with detailed step-by-step solution

Start Solving →