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What would be the compound interest obtained on an amount of Rs, 7,790 at the rate of 10 p.c.p,a. after two years ?
- ARs. 1532.60
- BRs. 1495.90
- CRs. 1653.50
- DRs. 1635.90
Answer not set
Discussion 1
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CCommunity
Solution
Compound interest = $7790((1+\frac{10}{100})^{2}-1)$.
=$7790(1.1^{2}-1)$.
=$7790\times.21$.
=Rs. 1635.90.
Hence, Option D is correct.
Compound interest = $7790((1+\frac{10}{100})^{2}-1)$.
=$7790(1.1^{2}-1)$.
=$7790\times.21$.
=Rs. 1635.90.
Hence, Option D is correct.