# Compound Interest

Quantitative Aptitude Questions and Answers section on “Compound Interest” with solution and explanation for competitive examinations such as CAT, MBA, SSC, Bank PO, Bank Clerical and other examinations.

# In how many years will a sum of money 800 Rs. at 10% per annum compound interest, compounded semi annually becomes 926.10 Rs.?

In how many years will a sum of money 800 Rs. at 10% per annum compound interest, compounded semi annually becomes 926.10 Rs.? [A]$latex 1\frac{2}{3}\ years&s=1$ [B]$latex 1\frac{1}{2}\ years&s=1$ [C]$latex 2\frac{1}{3}\ years&s=1$ [D]$latex 2\frac{1}{2}\ years&s=1$ Show Answer $latex \mathbf{1\frac{1}{2}\ years}&s=1$ Rate = 10% per annum = 5% half yearly \$latex \because A = P(1 + ..