Q. Find the compound interest on ₹12000 at 12% per annum for 1 year, compounded half-yearly.
✅ Correct Answer: (C)
₹1474
Explanation: Rate per half-year = 6% → Amount = 12000 × (1.06)² = 13474 → CI = 1474.
Explanation by: Mr. Dubey
Rate per half-year = 6% → Amount = 12000 × (1.06)² = 13474 → CI = 1474.