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      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 ├Ч (1.25)┬▓ - 20,000

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

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