Question

    If Rohit invested Rs. 16,000 at compound interest of 25%

    p.a., compounded annually, then interest earned by him in two years would be:
    A Rs. 7,500 Correct Answer Incorrect Answer
    B Rs. 9,000 Correct Answer Incorrect Answer
    C Rs. 12,000 Correct Answer Incorrect Answer
    D Rs. 10,000 Correct Answer Incorrect Answer

    Solution

    Amount received at the end of two years = 16000 x (1.25)2┬а= Rs. 25,000 So, interest earned = 25000 - 16000 = Rs. 9,000

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question