₹10000 is invested at a rate of 8% p.a. compound interest compounded half-yearly. What is the amount after 1.5 years?
Correct: A
For half-yearly compounding: n = 2, time = 3 periods. A = P(1 + r/n)^(nt) = 10000(1 + 0.08/2)^3 = 10000*(1.04)^3 ≈ 10000*1.124864 = ₹11248.64. Correct answer is A.