Mathematics for FinancePYQ Nov 20Question 1208 of 479
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Find the compound interest if an amount of 50,000\displaystyle 50,000 is deposited in bank for one year at the rate of 8%\displaystyle 8\% per annum compounded semi-annually.

Options

A3,080\displaystyle 3,080
B4,080\displaystyle 4,080
C3,456\displaystyle 3,456
D7,856\displaystyle 7,856
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Correct Answer

Option c3,456\displaystyle 3,456

All Options:

  • A3,080\displaystyle 3,080
  • B4,080\displaystyle 4,080
  • C3,456\displaystyle 3,456
  • D7,856\displaystyle 7,856

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