Simple and Compound Interest: Compound Interest Half-Yearly

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Practice Questions

When interest is compounded half-yearly, the annual rate is halved and the number of periods is doubled.

A = P(1 + R/200)^(2T)

P = Rs. 10,000, R = 10%, T = 1 year. A = 10000 × (1.05)^2 = Rs. 11,025.

Q1 Easy

If interest is compounded half-yearly, find CI on Rs. 8000 at 10% p.a. for 1 year.
Q2 Easy

The compound interest on Rs. 16,000 at 10% per annum for 1 year, compounded half-yearly, is:
Q3 Easy

Amount on Rs. 10,000 at 10% for 1 year compounded half-yearly is:
Q4 Easy

Amount on Rs. 5,000 at 20% for 1 year compounded half-yearly is:
Q5 Easy

For half-yearly compounding at 10% p.a., the rate applied each half-year is:
Q6 Medium

Find the compound interest on Rs. 2500 for 2 years at 4% per annum compounded half-yearly.
Q7 Medium

The effective annual rate corresponding to a nominal rate of 8% p.a. compounded half-yearly is:

Q8 Medium

CI on Rs. 10,000 at 10% for 1 year (half-yearly) exceeds the SI by:
Q9 Medium

Amount on Rs. 15,000 at 12% for 1 year compounded half-yearly is:
Q10 Medium

Amount on Rs. 8,000 at 8% for 1 year compounded half-yearly is approximately:
Q11 Hard

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
Q12 Hard

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
Q13 Hard

What is the difference between the compound interests on Rs. 5000 for 1.5 years at 4% per annum compounded yearly and half-yearly?
Q14 Hard

A customer deposits Rs. 2,000 on 1st January and Rs. 2,000 on 1st July in a bank offering 4% p.a. compounded half-yearly. Interest earned by year-end is: