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      Question

      Find the compound Interest on Rs. 8,000 @15 % p.a for 2

      years 4 month Compounded annually?
      A 3112 Correct Answer Incorrect Answer
      B 3010 Correct Answer Incorrect Answer
      C 3215 Correct Answer Incorrect Answer
      D 3109 Correct Answer Incorrect Answer

      Solution

      C.I for 1 st year = (8000 × 15 × 1)/100 =1200 C.I for 2nd year = (9200 × 15 × 1)/100 = 1380 C.I for 1/3 year = (10580 × 15 × 1)/(100 × 3) = 529 Total C. I = 1200 + 1380 + 529 = Rs. 3109

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