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What will be the compound interest on a sum of Rs. 7200 at 5 pcpa in 2 years ?
- ARs. 841
- BRs. 738
- CRs. 793
- DRs. 812
Answer not set
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0
CCommunity
Solution
Compound Interest = $7200(1+5\%)^{2}$ (As C.I. = $P(1+r\%)^{n}$ Where P is the principal amount, r is the rate and n is the
number of years)
Hence, answer will be = 7200(1.05)(1.05) = 7938
So interest will be = 7938-7200 = 738
Compound Interest = $7200(1+5\%)^{2}$ (As C.I. = $P(1+r\%)^{n}$ Where P is the principal amount, r is the rate and n is the
number of years)
Hence, answer will be = 7200(1.05)(1.05) = 7938
So interest will be = 7938-7200 = 738
0
CCommunity
Solution
Compound Interest = $7200(1+5\%)^{2}$ (As C.I. = $P(1+r\%)^{n}$ Where P is the principal amount, r is the rate and n is the
number of years)
Hence, answer will be = 7200(1.05)(1.05) = 7938
So interest will be = 7938-7200 = 738
Compound Interest = $7200(1+5\%)^{2}$ (As C.I. = $P(1+r\%)^{n}$ Where P is the principal amount, r is the rate and n is the
number of years)
Hence, answer will be = 7200(1.05)(1.05) = 7938
So interest will be = 7938-7200 = 738