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Calculate the compound interest for ₹ 15000 for 4 years at 16% compounded semi-annually.

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9159

answer is A.

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Detailed Solution

A = P {(1 + \frac{R}{200})}^{2 n} = 15000 {(1 + \frac{16}{200})}^{2 \times 4} = 15000 {(\frac{27}{25})}^{8} = 27761.085

CI = A - P = 27761.085 - 15000 = 12761.085

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