📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      Find the compound interest on Rs. 8000 at 10% per annum

      for 2 years, compounded annually. 
      A 1680 Correct Answer Incorrect Answer
      B 1250 Correct Answer Incorrect Answer
      C 1450 Correct Answer Incorrect Answer
      D 1720 Correct Answer Incorrect Answer

      Solution

      Amount A = P(1 + r/100)² = 8000 × (1 + 10/100)² = 8000 × (1.10)² = 8000 × 1.21 = 9680 Compound interest = A − P = 9680 − 8000 = 1680

      Practice Next

      Relevant for Exams:

      ask-question