#### The compound interest on ₹5000 at 20% per annum for 1 1/2 years compounded half-yearly is

(a) ₹6655

(b) ₹1655

(c) ₹1500

(d) ₹1565

**Solution:**

(b) ₹1655

#### If the number of conversion periods ≥ 2, then the compound interest is

(a) Less than simple interest

(b) Equal to simple interest

(c) Greater than or equal to simple interest

(d) Greater than simple interest

**Solution:**

(d) Greater than simple interest

**More Solutions:**

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