- A₹ 18,522
- B₹ 18,400
- C₹ 19,360
- D₹ 21,296
Step-by-Step Solution
Half-yearly: rate per half-year, 3 half-years. . (₹ 21,296 wrongly uses 10% for every half-year.)
Answer: A) ₹ 18,522
Sameer deposits ₹ 16,000 as shown on the timeline. Interest is added every 6 months. What is the amount after 1½ years?
Class 8Compound InterestComparing Quantities
Master this chapter in 30 minutes a day.
Don't just memorise the answer — build a daily practice habit.
Practice 5 Similar Questions Free →All Compound Interest practice questions
More Class 8 Compound Interest practice
The population of Sitapur town grows at the same rate every year (compounded annually).…The bars show the value of Mr. Rao's car when new and after 1 year. It loses the same…In a lab in Hyderabad, the bacteria in a dish double every hour, as the pictures show.…The bar model shows the interest on ₹ 15,000 for 2 years. In compound interest, Year 2…Leela's FD passbook is shown. The interest is compounded annually at a fixed rate. What…