Find the compound interest on Rs. 5000 at 12% per annum for 1 year, compounded half-yearly.

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For half-yearly compounding, New Rate = 12/2 = 6% per half-year, and Time = 2 half-years. Amount = 5000 * (1 + 6/100)^2 = 5000 * 1.1236 = Rs. 5618. Compound Interest = 5618 - 5000 = Rs. 618.

Find the compound interest on Rs. 5000 at 12% per annum for 1 year, compounded half-yearly. MCQ with Answer and Explanation

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