Arithmetic Ability
Compound Interest

57 / 134

Q.

Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually

View Answer

Correct choice: C

Explanation:

Amount = Rs[7500x(1+4/100)²] =Rs.(7500 * 26/25 * 26/25) =Rs.8112 C.I = Rs(8112 - 7500) =Rs.612
57 / 134