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What will be the compound interest accrued on a sum of Rs 35000 at the rate of 8 p.c.p.a. in 2 years?
- ARs. 4389
- BRs. 5824
- CRs. 6345
- DRs. 7891
Correct answer: B
Discussion 1
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CCommunity
Rs. 5824
C.I.= P [(t - R/100)T - 1]
= 35000 [(1 + 8/100)² - 1]
= 35000 [(27/25)² - 1]
= 35000 (729/625 - 1)
= 35000 x 104/625
= Rs. 5824
C.I.= P [(t - R/100)T - 1]
= 35000 [(1 + 8/100)² - 1]
= 35000 [(27/25)² - 1]
= 35000 (729/625 - 1)
= 35000 x 104/625
= Rs. 5824