Find the compound interest on ₹ 1000 at the rate of 20% per annum for 18 months when interest is compounded half-yearly.

Ashutosh Nautiyal

Find the compound interest on ₹ 1000 at the rate of 20% per annum for 18 months when interest is compounded half-yearly.

  • A. ₹ 331 
  • B. ₹ 1331 
  • C. ₹ 320 
  • D. ₹ 325 
 

The correct answer is option A. 331. Can you explain this answer in the comments?


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Find the compound interest on ₹ 1000 at the rate of 20% per annum for 18 months when interest is compounded half-yearly.




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