What is the compound interest on ₹16,000 for 1 year at 10% per annum, compounded half-yearly?

A. ₹1600

B. ₹1640

C. ₹1660

D. ₹1680

Doubtly AI Asked 27 Oct 2026 AI-generated · not yet verified ssc cgl Save WhatsApp Report

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Answer: B. ₹1640

Answer: (B) ₹1640

Half-yearly: rate = 5% per half-year, 2 periods. Effective = 5 + 5 + 0.25 = 10.25%.

CI = 10.25% of 16,000 = ₹1640.

Doubtly AI · 27 Oct 2026 AI-generated · not yet verified Report

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