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


    ⚡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug ⚡ Enroll Now

    Question

    Calculate the compound interest earned on investing Rs.

    20,000 at 25% per annum compounded annually for 2 years.
    A 12,150 Correct Answer Incorrect Answer
    B 18,200 Correct Answer Incorrect Answer
    C 11,250 Correct Answer Incorrect Answer
    D 15,115 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Image

    So, Compound interest = 20,000 × (1.25)² - 20,000

    Or compound interest = 31,250 - 20,000 = Rs. 11,250

    Practice Next

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call