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  1. In how many years will a sum of ₹ 800 at 10% per annum compound interest, compounded semi-annually becomes ₹ 926.10 ?
    1. 1
      1
      years
      2
    2. 1
      2
      years
      3
    3. 2
      1
      years
      3
    4. 2
      1
      years
      2
Correct Option: A

Here , P = ₹ 800 , A = ₹ 926.10 , Rate = 10% per annum = 5% half yearly
As we know that ,

A = P 1 +
R
T
100

⇒  926.10 = 800 1 +
5
T
100

⇒ 
9261
=
21
T
800020

⇒ 
21
3 =
21
T
2020

∴  Time = 3 half years = 1
1
years
2



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