In how many months will Rs 8,000 yield Rs 2,648 as compound interest a
| In how many months will Rs 8,000 yield Rs 2,648 as compound interest at 20% per annum compounded semi-annually?
A. 18
B. 24
C. 12
D. 30
Right Answer is: A
SOLUTION
P = 8000, C.I. = 2648
r = 20% /Annum
= 10% / half year
A.T.Q. 
By comparing
t = 3 half year
or 18 month .
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In how many months will Rs 8,000 yield Rs 2,648 as compound interest a