The compound interest on Rs.16000 in 2 years at 4% per annum, the interest being compounded half yearly, is _______.

The compound interest on Rs.16000 in 2 years at 4% per annum, the inte

1.	The compound interest on Rs.16000 in 2 years at 4% per annum, the interest being compounded half yearly, is _______.
A.	Rs.1318.91
B.	Rs.1228.87
C.	Rs.1428.26
D.	Rs.1348.56
E.	None of these
Answer» B. Rs.1228.87

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The compound interest on Rs.16000 in 2 years at 4% per annum, the interest being compounded half yearly, is _______.

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