Question

What sum of money will become Rs.1352 in 2 years at 4 percent per annum compound interest?

A Rs.1200 Correct Answer Incorrect Answer
B Rs.1225 Correct Answer Incorrect Answer
C Rs.1250 Correct Answer Incorrect Answer
D Rs.1300 Correct Answer Incorrect Answer

Solution

P (1+4/(100)) )^2 = 1352 P ×26/25×26/25= 1352 P = 1250

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