If the interest is compounded half yearly, then interest on Rs.16000 a – McqOptions

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1.	If the interest is compounded half yearly, then interest on Rs.16000 at 5% per annum, at the end of $$ {{1}{1 over 2}}$$ years is.
A.	$$ {1230}{1 over 4}$$
B.	$$ {1210}{1 over 4}$$
C.	$$ {1215}{1 over 4}$$
D.	$$ {1225}{1 over 4}$$
Answer» B. $$ {1210}{1 over 4}$$

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